Y Intercept Hong Kong Ltd Invests $4.19 Million in Ryanair Holdings PLC $RYAAY

Y Intercept Hong Kong Ltd bought a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 72,487 shares of the transportation company’s stock, valued at approximately $4,190,000.

A number of other large investors also recently made changes to their positions in the company. Capital International Investors boosted its holdings in Ryanair by 6.6% during the fourth quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after purchasing an additional 2,464,742 shares during the last quarter. Capital World Investors increased its stake in Ryanair by 1.0% in the 4th quarter. Capital World Investors now owns 31,051,257 shares of the transportation company’s stock valued at $2,241,612,000 after buying an additional 312,323 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Ryanair by 15.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock valued at $527,341,000 after buying an additional 985,939 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Ryanair by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 5,567,154 shares of the transportation company’s stock worth $401,892,000 after buying an additional 117,639 shares in the last quarter. Finally, Metropolis Capital Ltd lifted its position in shares of Ryanair by 10.8% during the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock worth $228,266,000 after buying an additional 385,444 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Ryanair

In other Ryanair news, insider Darrell Thomas Hughes sold 8,197 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $213,203.97. Following the sale, the insider owned 37,362 shares of the company’s stock, valued at $971,785.62. The trade was a 17.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carol Marie Sharkey sold 6,999 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $182,043.99. Following the sale, the insider owned 14,136 shares in the company, valued at approximately $367,677.36. This represents a 33.12% 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. Over the last three months, insiders have sold 126,607 shares of company stock worth $3,386,997.

Ryanair Price Performance

RYAAY opened at $65.49 on Monday. The company has a market capitalization of $34.08 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.74 and a beta of 1.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $59.06 and a 200-day moving average price of $63.55. Ryanair Holdings PLC has a twelve month low of $53.14 and a twelve month high of $74.24.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. Equities analysts expect that Ryanair Holdings PLC will post 4.29 EPS for the current year.

Analysts Set New Price Targets

RYAAY has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday, March 12th. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.67.

Ryanair 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.