Dorsey Wright & Associates Purchases 10,988 Shares of Ryanair Holdings PLC $RYAAY

Dorsey Wright & Associates lifted its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 39.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,696 shares of the transportation company’s stock after purchasing an additional 10,988 shares during the period. Dorsey Wright & Associates’ holdings in Ryanair were worth $2,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its position 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 during the last quarter. Pin Oak Investment Advisors Inc. grew its stake in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after buying an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in Ryanair by 2,929.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after buying an additional 498 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in 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 acquiring an additional 165 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Ryanair by 64.9% in the 4th quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 257 shares during the period. 43.66% of the stock is owned by institutional investors.

Ryanair Stock Down 5.7%

NASDAQ RYAAY opened at $62.57 on Friday. The business has a fifty day moving average price of $60.84 and a two-hundred day moving average price of $63.11. The stock has a market capitalization of $32.56 billion, a PE ratio of 13.28, a PEG ratio of 1.70 and a beta of 1.15. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week 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 0.90.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) 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 during the quarter, compared to the consensus estimate of $3.08 billion. Equities analysts expect that Ryanair Holdings PLC will post 4.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Ryanair

In related news, insider Juliusz Grzegorz Komorek sold 14,053 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 46,264 shares of the company’s stock, valued at $1,203,326.64. This represents a 23.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andreas Gruber sold 13,467 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $350,276.67. Following the completion of the transaction, the chief executive officer directly owned 20,858 shares of the company’s stock, valued at approximately $542,516.58. The trade was a 39.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 126,607 shares of company stock worth $3,386,997 over the last 90 days.

Analyst Ratings Changes

RYAAY has been the topic of several research reports. Weiss Ratings downgraded Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a report on Tuesday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.33.

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.