Metropolis Capital Ltd Grows Stock Position in Ryanair Holdings PLC $RYAAY

Metropolis Capital Ltd lifted its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 10.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,949,246 shares of the transportation company’s stock after buying an additional 385,444 shares during the period. Ryanair makes up about 7.7% of Metropolis Capital Ltd’s investment portfolio, making the stock its 5th biggest position. Metropolis Capital Ltd’s holdings in Ryanair were worth $228,266,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RYAAY. Ground Swell Capital LLC bought a new position in Ryanair in the first quarter valued at about $588,000. Venturi Wealth Management LLC increased its position in shares of Ryanair by 17.9% during the 1st quarter. Venturi Wealth Management LLC now owns 14,835 shares of the transportation company’s stock valued at $857,000 after purchasing an additional 2,251 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new stake in shares of Ryanair during the 1st quarter valued at about $259,000. Evolve Private Wealth LLC lifted its stake in shares of Ryanair by 28.4% in the 1st quarter. Evolve Private Wealth LLC now owns 22,059 shares of the transportation company’s stock worth $1,275,000 after purchasing an additional 4,878 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Ryanair by 22.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,462 shares of the transportation company’s stock worth $322,000 after purchasing an additional 828 shares during the period. Institutional investors own 43.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RYAAY. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Sanford C. Bernstein reiterated an “outperform” rating and set a $77.00 price target on shares of Ryanair in a research note on Monday, June 8th. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.67.

Insider Buying and Selling

In other news, insider Juliusz Grzegorz Komorek sold 14,053 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $365,518.53. Following the transaction, the insider directly owned 46,264 shares in the company, valued at $1,203,326.64. The trade was a 23.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Dara Brady sold 8,973 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $233,387.73. Following the completion of the transaction, the chief marketing officer directly owned 17,550 shares of the company’s stock, valued at approximately $456,475.50. This trade represents a 33.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 111,607 shares of company stock worth $2,918,397 in the last three months.

Ryanair Price Performance

NASDAQ RYAAY opened at $64.49 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. Ryanair Holdings PLC has a 12 month low of $53.14 and a 12 month high of $74.24. The stock has a market cap of $33.56 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.65 and a beta of 1.15. The company’s 50 day moving average is $58.55 and its two-hundred day moving average is $63.73.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The firm 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%. As a group, research analysts anticipate that Ryanair Holdings PLC will post 4.25 earnings per share for the current year.

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.