Ryanair (NASDAQ:RYAAY) Insider Sells 15,000 Shares of Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) insider John Jh Hurley sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the sale, the insider owned 76,025 shares in the company, valued at $2,375,021. The trade was a 16.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ryanair Trading Down 0.3%

RYAAY stock opened at $64.32 on Tuesday. The company has a market capitalization of $33.47 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15. Ryanair Holdings PLC has a one year low of $53.14 and a one year high of $74.24. The company’s 50 day moving average price is $58.69 and its two-hundred day moving average price is $63.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. Ryanair had a return on equity of 25.58% and a net margin of 13.95%.The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $3.08 billion. As a group, analysts predict that Ryanair Holdings PLC will post 4.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ryanair

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in shares of Ryanair by 3.5% in the first quarter. NewEdge Advisors LLC now owns 21,606 shares of the transportation company’s stock worth $1,249,000 after buying an additional 733 shares during the last quarter. Summitry LLC increased its holdings in Ryanair by 5.4% during the first quarter. Summitry LLC now owns 4,715 shares of the transportation company’s stock valued at $273,000 after buying an additional 243 shares during the last quarter. Bank of America Corp DE raised its position in Ryanair by 9.0% in the first quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company’s stock worth $118,645,000 after acquiring an additional 170,242 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Ryanair by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock worth $332,480,000 after acquiring an additional 185,110 shares during the last quarter. Finally, Strategic Investment Advisors MI grew its position in shares of Ryanair by 4.9% during the 1st quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company’s stock valued at $230,000 after acquiring an additional 184 shares during the period. Institutional investors own 43.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Weiss Ratings cut shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $77.00 target price on shares of Ryanair in a research note on Monday, June 8th. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Tuesday, May 19th. Finally, Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.67.

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.