Ryanair Holdings PLC $RYAAY Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 24.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 34,311 shares of the transportation company’s stock after selling 10,847 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ryanair were worth $1,887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Ryanair by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 755,526 shares of the transportation company’s stock worth $48,920,000 after acquiring an additional 40,648 shares during the last quarter. Trinity Street Asset Management LLP boosted its stake in shares of Ryanair by 3.2% in the 2nd quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company’s stock valued at $230,992,000 after purchasing an additional 110,700 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Ryanair by 9.0% in the 1st quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company’s stock valued at $118,645,000 after purchasing an additional 170,242 shares in the last quarter. Maven Securities LTD bought a new stake in shares of Ryanair during the 2nd quarter valued at approximately $1,554,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Ryanair by 27.5% during the 1st quarter. Bank of New York Mellon Corp now owns 169,136 shares of the transportation company’s stock valued at $9,776,000 after purchasing an additional 36,498 shares during the last quarter. 43.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Carol Sharkey sold 6,166 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $28.06, for a total value of $173,017.96. Following the completion of the transaction, the insider owned 7,970 shares of the company’s stock, valued at $223,638.20. This represents a 43.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Ryanair Price Performance

Ryanair stock opened at $59.30 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.79 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $30.71 billion, a PE ratio of 15.05, a P/E/G ratio of 4.89 and a beta of 1.22. Ryanair Holdings PLC has a 12 month low of $51.02 and a 12 month high of $74.24. The stock has a 50-day moving average price of $54.30 and a two-hundred day moving average price of $59.57.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RYAAY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research report on Tuesday, July 14th. Raymond James Financial restated a “strong-buy” rating and issued a $74.00 target price on shares of Ryanair in a research report on Monday, August 24th. Morgan Stanley began coverage on shares of Ryanair in a research report on Friday, August 14th. They issued an “overweight” rating and a $62.90 target price on the stock. Weiss Ratings cut shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Barclays downgraded shares of Ryanair from an “overweight” rating to an “equal weight” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ryanair currently has an average rating of “Moderate Buy” and an average target price of $73.97.

Ryanair Company Profile

Ryanair Holdings plc is an Irish airline group focused on low-fare, short-haul travel. Its airlines operate scheduled passenger flights, primarily on point-to-point routes, and offer related services such as priority boarding, seat selection and baggage options.

The group serves destinations across Europe and also operates routes to countries in North Africa and the Middle East. Its airline businesses include Ryanair, Buzz, Malta Air and Lauda Europe.

Founded in 1984, Ryanair began flying in 1985 with a route between Waterford, Ireland, and London Gatwick.