Tracey Mccann Sells 8,197 Shares of Ryanair (NASDAQ:RYAAY) Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) CFO Tracey Mccann sold 8,197 shares of the firm’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 $213,203.97. Following the transaction, the chief financial officer directly owned 38,703 shares of the company’s stock, valued at $1,006,665.03. This represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Stock Performance

RYAAY traded up $0.53 during trading on Thursday, reaching $57.42. 1,660,166 shares of the company’s stock were exchanged, compared to its average volume of 1,520,157. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.67. The stock has a market capitalization of $29.90 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.25 and a beta of 1.13. The company’s fifty day simple moving average is $58.67 and its 200-day simple moving average is $64.54.

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

Institutional Trading of Ryanair

Hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its holdings 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 buying an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings 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 buying an additional 209 shares in the last quarter. UMB Bank n.a. boosted its holdings in Ryanair by 1,057.4% during the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after buying an additional 497 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after buying an additional 498 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RYAAY has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. 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. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday. Finally, Sanford C. Bernstein upgraded Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and a consensus target price of $75.67.

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.