NewEdge Wealth LLC Has $5.66 Million Stock Holdings in Ryanair Holdings PLC $RYAAY

NewEdge Wealth LLC raised its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 15.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 97,880 shares of the transportation company’s stock after acquiring an additional 13,149 shares during the period. NewEdge Wealth LLC’s holdings in Ryanair were worth $5,657,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of RYAAY. First Trust Advisors LP raised its holdings in shares of Ryanair by 9.2% in the first quarter. First Trust Advisors LP now owns 91,618 shares of the transportation company’s stock valued at $5,296,000 after purchasing an additional 7,692 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Ryanair by 10.9% during the first quarter. PNC Financial Services Group Inc. now owns 14,609 shares of the transportation company’s stock worth $844,000 after purchasing an additional 1,438 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Ryanair by 42.4% during the first quarter. Parallel Advisors LLC now owns 2,886 shares of the transportation company’s stock worth $167,000 after purchasing an additional 859 shares during the last quarter. AIA Group Ltd boosted its holdings in Ryanair by 50.6% during the first quarter. AIA Group Ltd now owns 130,402 shares of the transportation company’s stock worth $7,537,000 after purchasing an additional 43,818 shares during the last quarter. Finally, Dorsey Wright & Associates grew its position in Ryanair by 39.7% in the first quarter. Dorsey Wright & Associates now owns 38,696 shares of the transportation company’s stock valued at $2,237,000 after purchasing an additional 10,988 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RYAAY shares. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Citigroup restated a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st. Weiss Ratings upgraded Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ryanair in a research report on Tuesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Insider Buying and Selling

In other news, CEO Eddie Joseph Wilson sold 21,080 shares of the 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 $548,290.80. Following the transaction, the chief executive officer owned 132,526 shares in the company, valued at approximately $3,447,001.26. This trade represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of Ryanair 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 $365,518.53. Following the sale, the insider directly owned 46,264 shares of the company’s stock, valued at approximately $1,203,326.64. The trade was a 23.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 126,607 shares of company stock valued at $3,386,997 in the last ninety days.

Ryanair Stock Performance

Shares of RYAAY stock opened at $56.35 on Friday. Ryanair Holdings PLC has a 52 week low of $53.14 and a 52 week high of $74.24. The company has a market capitalization of $29.28 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.72 and a beta of 1.15. The company has a 50-day simple moving average of $61.03 and a 200 day simple moving average of $62.63.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, July 20th. The transportation company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.18). The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. Ryanair had a net margin of 12.14% and a return on equity of 21.23%. Sell-side analysts forecast that Ryanair Holdings PLC will post 4.41 EPS for the current year.

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.