Marsico Capital Management LLC Reduces Holdings in Ryanair Holdings PLC $RYAAY

Marsico Capital Management LLC lowered its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 13.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 97,164 shares of the transportation company’s stock after selling 15,357 shares during the quarter. Marsico Capital Management LLC’s holdings in Ryanair were worth $7,014,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Capital International Investors lifted its stake in shares of Ryanair by 6.6% in the 4th quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock valued at $2,884,834,000 after purchasing an additional 2,464,742 shares during the period. Capital World Investors increased its position in Ryanair by 1.0% during the 4th quarter. Capital World Investors now owns 31,051,257 shares of the transportation company’s stock valued at $2,241,612,000 after buying an additional 312,323 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ryanair by 1.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,237,385 shares of the transportation company’s stock valued at $233,707,000 after buying an additional 60,847 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ryanair by 645,657.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,789,672 shares of the transportation company’s stock worth $201,386,000 after purchasing an additional 2,789,240 shares in the last quarter. Finally, Capital International Inc. CA increased its holdings in shares of Ryanair by 3.3% in the 3rd quarter. Capital International Inc. CA now owns 1,467,028 shares of the transportation company’s stock worth $88,344,000 after purchasing an additional 47,151 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Trading Up 6.5%

Shares of RYAAY stock opened at $59.39 on Friday. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $58.27 and its 200-day moving average price is $64.05. The stock has a market capitalization of $30.93 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.09. Ryanair had a return on equity of 25.58% and a net margin of 13.95%.The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Equities research analysts predict that Ryanair Holdings PLC will post 4.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup restated a “buy” rating on shares of Ryanair in a research note on Tuesday, May 19th. Weiss Ratings lowered shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $77.00 price objective on shares of Ryanair in a research report on Monday. One 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’s stock. According to data from MarketBeat, Ryanair currently has a consensus rating of “Moderate Buy” and an average target price of $77.67.

Insider Activity at Ryanair

In other Ryanair news, CMO Dara Brady sold 8,973 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $233,387.73. Following the sale, the chief marketing officer directly owned 17,550 shares of the company’s stock, valued at $456,475.50. The trade was a 33.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Darrell Thomas Hughes sold 8,197 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $213,203.97. Following the sale, the insider directly owned 37,362 shares in the company, valued at $971,785.62. The trade was a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 111,607 shares of company stock valued at $2,918,397 over the last ninety days.

Ryanair 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.