U S Global Investors Inc. Reduces Position in Ryanair Holdings PLC $RYAAY

U S Global Investors Inc. trimmed its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 8.3% during the first quarter, HoldingsChannel reports. The firm owned 104,201 shares of the transportation company’s stock after selling 9,452 shares during the period. U S Global Investors Inc.’s holdings in Ryanair were worth $6,023,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in Ryanair by 658.1% during the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after buying an additional 861,361 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Ryanair by 122.1% in the 2nd quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock worth $750,000 after acquiring an additional 7,152 shares during the last quarter. CW Advisors LLC acquired a new stake in shares of Ryanair in the 2nd quarter worth $263,000. EverSource Wealth Advisors LLC raised its holdings in shares of Ryanair by 99.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company’s stock worth $117,000 after acquiring an additional 1,013 shares during the period. Finally, Cerity Partners LLC purchased a new position in shares of Ryanair during the 2nd quarter worth $295,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Insider Transactions at Ryanair

In other Ryanair news, insider Carol Marie Sharkey sold 6,999 shares of Ryanair stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $182,043.99. Following the completion of the sale, the insider directly owned 14,136 shares in the company, valued at $367,677.36. This trade represents a 33.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Jh Hurley sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $31.24, for a total transaction of $468,600.00. Following the completion of the transaction, the insider owned 76,025 shares in the company, valued at approximately $2,375,021. This represents a 16.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 126,607 shares of company stock worth $3,386,997 in the last 90 days.

Ryanair Trading Up 0.7%

NASDAQ:RYAAY traded up $0.48 on Friday, reaching $64.63. The company’s stock had a trading volume of 1,489,339 shares, compared to its average volume of 1,245,136. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24. 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 market cap of $33.63 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.68 and a beta of 1.15. The stock has a 50 day moving average price of $60.07 and a 200 day moving average price of $63.41.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. On average, equities analysts anticipate that Ryanair Holdings PLC will post 4.36 EPS for the current fiscal year.

Analyst Ratings Changes

RYAAY has been the subject of a number of analyst reports. Zacks Research lowered shares of Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st. Sanford C. Bernstein set a $79.00 target price on shares of Ryanair in a research note on Monday. Weiss Ratings lowered shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ryanair has an average rating of “Moderate Buy” and a consensus target price of $78.33.

About Ryanair

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.