Ryanair (NASDAQ:RYAAY) Insider Jason Paul Mcguinness Sells 12,562 Shares

Ryanair Holdings PLC (NASDAQ:RYAAY) insider Jason Paul Mcguinness sold 12,562 shares of the company’s 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 $326,737.62. Following the sale, the insider directly owned 24,304 shares of the company’s stock, valued at approximately $632,147.04. This represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Stock Performance

RYAAY traded up $0.53 on Thursday, hitting $57.42. 1,660,166 shares of the company traded hands, compared to its average volume of 1,520,157. The company has a 50 day moving average of $58.67 and a 200-day moving average of $64.54. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $29.90 billion, a PE ratio of 12.19, a PEG ratio of 1.25 and a beta of 1.13. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, May 18th. 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 net margin of 13.95% and a return on equity of 25.58%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.08 billion. Sell-side analysts anticipate that Ryanair Holdings PLC will post 4.72 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Erste Group Bank cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Tuesday. Sanford C. Bernstein raised shares of Ryanair from a “market perform” rating to an “outperform” rating in a report on Monday, April 13th. Finally, Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $75.67.

Hedge Funds Weigh In On Ryanair

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of Ryanair by 9.0% in the 1st quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company’s stock valued at $118,645,000 after purchasing an additional 170,242 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Ryanair by 3.3% in the 1st quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock valued at $332,480,000 after purchasing an additional 185,110 shares in the last quarter. Strategic Investment Advisors MI increased its holdings in shares of Ryanair by 4.9% in the 1st quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 184 shares in the last quarter. Amundi purchased a new position in shares of Ryanair in the 1st quarter valued at about $349,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Ryanair by 30.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,443 shares of the transportation company’s stock worth $199,000 after acquiring an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

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.