Marsico Capital Management LLC Lowers Stake in Ryanair Holdings PLC $RYAAY

Marsico Capital Management LLC lowered its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 13.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 97,164 shares of the transportation company’s stock after selling 15,357 shares during the period. Marsico Capital Management LLC’s holdings in Ryanair were worth $7,014,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RYAAY. Northwestern Mutual Wealth Management Co. lifted its holdings in Ryanair by 645,657.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,789,672 shares of the transportation company’s stock worth $201,386,000 after buying an additional 2,789,240 shares during the period. Capital World Investors lifted its holdings in Ryanair by 9.3% during the third quarter. Capital World Investors now owns 30,738,934 shares of the transportation company’s stock worth $1,851,043,000 after buying an additional 2,626,911 shares during the period. Capital International Investors increased its position in shares of 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 in the last quarter. Norges Bank acquired a new position in shares of Ryanair during the fourth quarter worth $91,970,000. Finally, Goldman Sachs Group Inc. increased its position in shares of 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 purchasing an additional 861,361 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research report on Tuesday, May 19th. Erste Group Bank downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $77.00 price target on shares of Ryanair in a research report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Finally, Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, March 12th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.67.

Ryanair Price Performance

NASDAQ RYAAY opened at $59.39 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s fifty day moving average price is $58.27 and its 200 day moving average price is $64.05. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24. The company has a market cap of $30.93 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.35 and a beta of 1.15.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.95) by $0.09. Ryanair had a return on equity of 25.58% and a net margin of 13.95%.The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.08 billion. As a group, equities research analysts forecast that Ryanair Holdings PLC will post 4.51 earnings per share for the current year.

Insider Transactions at Ryanair

In other Ryanair news, insider Jason Paul Mcguinness sold 12,562 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction 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 trade represents a 34.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $365,518.53. Following the sale, the insider directly owned 46,264 shares in the company, valued at $1,203,326.64. This represents a 23.30% 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. Insiders sold 111,607 shares of company stock worth $2,918,397 over the last 90 days.

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.