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 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 completion of the transaction, the chief financial officer directly owned 38,703 shares of the company’s stock, valued at approximately $1,006,665.03. This represents a 17.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Trading Up 3.8%

NASDAQ:RYAAY opened at $59.62 on Friday. Ryanair Holdings PLC has a 12 month low of $53.14 and a 12 month high of $74.24. The firm has a fifty day simple moving average of $58.58 and a 200-day simple moving average of $64.50. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $31.05 billion, a P/E ratio of 12.66, a PEG ratio of 1.39 and a beta of 1.13.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, May 18th. The transportation company reported ($0.86) EPS for the quarter, topping the consensus estimate of ($0.95) by $0.09. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.08 billion. On average, equities research analysts anticipate that Ryanair Holdings PLC will post 4.51 earnings per share for the current year.

Key Ryanair News

Here are the key news stories impacting Ryanair this week:

• Neutral Sentiment: Multiple Ryanair insiders sold shares, but the company said the transactions were related to tax withholding on vested equity awards, suggesting the activity may be routine rather than a negative signal. CEO Andreas Gruber sale filing
• Neutral Sentiment: Ryanair also reported a mixed quarterly update: earnings per share beat estimates, but revenue came in below expectations, leaving investors with a balanced read on operating performance. Ryanair earnings and stock information
• Positive Sentiment: Analysts remain generally constructive on Ryanair Holdings PLC (NASDAQ: RYAAY), with several firms reiterating bullish ratings and an overall “Moderate Buy” consensus, which may be supporting the stock. Analyst ratings overview

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RYAAY. Goldman Sachs Group Inc. raised its holdings in shares of Ryanair by 658.1% during the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after purchasing an additional 861,361 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Ryanair by 122.1% during the second quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock worth $750,000 after purchasing an additional 7,152 shares during the last quarter. CW Advisors LLC purchased a new position in shares of Ryanair during the second quarter worth $263,000. EverSource Wealth Advisors LLC raised its holdings in shares of Ryanair by 99.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of Ryanair during the second quarter worth $295,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RYAAY shares. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Tuesday. Finally, Wall Street Zen cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.