Insider Selling: Ryanair (NASDAQ:RYAAY) Insider Sells 14,053 Shares of Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) insider Juliusz Grzegorz Komorek sold 14,053 shares of the stock in a transaction on Tuesday, May 19th. The shares were 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 of the company’s stock, valued at approximately $1,203,326.64. This trade represents a 23.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Stock Performance

Ryanair stock traded up $0.53 during midday trading on Thursday, reaching $57.42. The stock had a trading volume of 1,660,166 shares, compared to its average volume of 1,520,157. Ryanair Holdings PLC has a 12 month low of $53.14 and a 12 month high of $74.24. The firm’s 50-day moving average price is $58.67 and its 200 day moving average price is $64.54. The firm has a market capitalization of $29.90 billion, a PE ratio of 12.19, a P/E/G ratio of 1.25 and a beta of 1.13. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, May 18th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. As a group, research analysts predict that Ryanair Holdings PLC will post 4.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ryanair

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

Analyst Ratings Changes

A number of analysts recently issued reports on RYAAY shares. Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Weiss Ratings lowered shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, March 12th. Finally, Erste Group Bank cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $75.67.

About Ryanair

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.