Polymer Capital Management HK LTD Takes $629,000 Position in Ryanair Holdings PLC $RYAAY

Polymer Capital Management HK LTD purchased a new stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,707 shares of the transportation company’s stock, valued at approximately $629,000.

Other institutional investors have also recently made changes to their positions in the company. Capula Management Ltd purchased a new stake in shares of Ryanair during the third quarter valued at approximately $1,235,000. Assetmark Inc. raised its position in Ryanair by 151.0% in the fourth quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock worth $25,672,000 after acquiring an additional 213,948 shares during the period. US Bancorp DE raised its position in Ryanair by 10,134.5% in the third quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock worth $2,108,000 after acquiring an additional 34,660 shares during the period. JPMorgan Chase & Co. raised its position in Ryanair by 13.4% in the third quarter. JPMorgan Chase & Co. now owns 3,176,538 shares of the transportation company’s stock worth $191,291,000 after acquiring an additional 376,145 shares during the period. Finally, Synovus Financial Corp bought a new stake in shares of Ryanair during the 3rd quarter valued at $1,035,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Insiders Place Their Bets

In other Ryanair news, CEO Eddie Joseph Wilson sold 21,080 shares of Ryanair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $548,290.80. Following the completion of the transaction, the chief executive officer directly owned 132,526 shares of the company’s stock, valued at $3,447,001.26. This trade represents a 13.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Dara Brady sold 8,973 shares of Ryanair stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $233,387.73. Following the completion of the transaction, the chief marketing officer directly owned 17,550 shares of the company’s stock, valued at $456,475.50. The trade was a 33.83% decrease in their ownership of the stock. 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 ninety days, insiders sold 111,607 shares of company stock worth $2,918,397.

Ryanair Stock Performance

Shares of NASDAQ:RYAAY opened at $60.33 on Friday. Ryanair Holdings PLC has a 52 week low of $53.14 and a 52 week high of $74.24. The stock has a market capitalization of $31.39 billion, a P/E ratio of 12.81, a PEG ratio of 1.52 and a beta of 1.15. The firm has a fifty day simple moving average of $58.28 and a two-hundred day simple moving average of $64.03. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, topping 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 business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. On average, analysts expect that Ryanair Holdings PLC will post 4.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RYAAY has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of Ryanair in a research report on Tuesday, May 19th. Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, March 12th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings downgraded shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.