Ryanair (NASDAQ:RYAAY) Insider Jason Paul Mcguinness Sells 12,562 Shares

Ryanair Holdings PLC (NASDAQ:RYAAY) insider Jason Paul Mcguinness sold 12,562 shares of Ryanair stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $326,737.62. Following the completion of the transaction, the insider directly owned 24,304 shares of the company’s stock, valued at $632,147.04. This trade represents a 34.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Stock Up 0.9%

Shares of Ryanair stock opened at $57.42 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 0.90. The stock has a market capitalization of $29.90 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.13. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The company has a 50-day simple moving average of $58.67 and a two-hundred day simple moving average of $64.54.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, May 18th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.09. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. On average, analysts anticipate that Ryanair Holdings PLC will post 4.65 EPS for the current fiscal year.

Key Ryanair News

Here are the key news stories impacting Ryanair this week:

• Neutral Sentiment: Several Ryanair insiders sold shares, but the filings state the transactions were made to cover tax withholding obligations tied to vesting equity awards, which usually makes the activity less concerning for investors. CEO Andreas Gruber sale filing
• Neutral Sentiment: The sales were spread across top management, including the CEO, CFO, CMO, and other insiders, but the disclosures do not indicate a change in the company’s operating outlook or a strategic shift. CFO Tracey Mccann sale filing
• Neutral Sentiment: The insider selling may keep some pressure on sentiment in the short term, but because it appears routine and tax-related, it is less likely to be viewed as a strong bearish signal. CEO Eddie Joseph Wilson sale filing

Wall Street Analysts Forecast Growth

RYAAY has been the subject of several recent analyst reports. Weiss Ratings cut shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Thursday, March 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday. Finally, Erste Group Bank lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.67.

Institutional Trading of Ryanair

Large investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its stake in shares of Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after acquiring an additional 348 shares during the period. Pin Oak Investment Advisors Inc. grew its stake in shares of Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the period. UMB Bank n.a. grew its stake in shares of Ryanair by 1,057.4% in the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after acquiring an additional 497 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of Ryanair by 2,929.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after acquiring an additional 498 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after acquiring an additional 165 shares during the period. 43.66% of the stock is currently owned by institutional investors.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.