Ground Swell Capital LLC Buys Shares of 10,178 Ryanair Holdings PLC $RYAAY

Ground Swell Capital LLC acquired a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,178 shares of the transportation company’s stock, valued at approximately $588,000. Ryanair makes up about 1.2% of Ground Swell Capital LLC’s portfolio, making the stock its 17th largest position.

Other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in Ryanair by 17.9% in the first quarter. Venturi Wealth Management LLC now owns 14,835 shares of the transportation company’s stock worth $857,000 after purchasing an additional 2,251 shares during the period. Aaron Wealth Advisors LLC acquired a new position in shares of Ryanair during the 1st quarter valued at $259,000. Evolve Private Wealth LLC increased its position in shares of Ryanair by 28.4% during the 1st quarter. Evolve Private Wealth LLC now owns 22,059 shares of the transportation company’s stock valued at $1,275,000 after purchasing an additional 4,878 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Ryanair by 22.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,462 shares of the transportation company’s stock worth $322,000 after buying an additional 828 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of Ryanair in the 4th quarter worth $235,000. Institutional investors and hedge funds own 43.66% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jason Paul Mcguinness sold 12,562 shares of Ryanair stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $326,737.62. Following the transaction, the insider 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 SEC, which can be accessed through this hyperlink. 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 business’s 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 owned 46,264 shares in the company, valued at approximately $1,203,326.64. The trade was a 23.30% 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. Insiders have sold a total of 111,607 shares of company stock worth $2,918,397 over the last three months.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $64.49 on Friday. Ryanair Holdings PLC has a one year low of $53.14 and a one year high of $74.24. The stock has a fifty day moving average of $58.55 and a 200-day moving average of $63.73. The company has a market capitalization of $33.56 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The business had revenue of $2.70 billion for 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%. As a group, equities analysts anticipate that Ryanair Holdings PLC will post 4.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RYAAY. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Tuesday, May 19th. Weiss Ratings cut shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Monday. Sanford C. Bernstein restated an “outperform” rating and set a $77.00 price objective on shares of Ryanair in a research report on Monday, June 8th. Finally, Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Thursday, March 12th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.67.

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.