Sei Investments Co. Buys 555,029 Shares of Ryanair Holdings PLC $RYAAY

Sei Investments Co. raised its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 34.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,172,317 shares of the transportation company’s stock after buying an additional 555,029 shares during the period. Sei Investments Co.’s holdings in Ryanair were worth $125,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RYAAY. Capital International Investors boosted its stake in shares of Ryanair by 6.6% in the 4th quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after buying an additional 2,464,742 shares during the last quarter. Capital World Investors grew its holdings in shares of Ryanair by 1.0% in the fourth quarter. Capital World Investors now owns 31,051,257 shares of the transportation company’s stock worth $2,241,612,000 after acquiring an additional 312,323 shares during the period. Price T Rowe Associates Inc. MD increased its position in Ryanair by 15.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock valued at $527,341,000 after acquiring an additional 985,939 shares during the last quarter. Janus Henderson Group PLC increased its position in Ryanair by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 5,567,154 shares of the transportation company’s stock valued at $401,892,000 after acquiring an additional 117,639 shares during the last quarter. Finally, Metropolis Capital Ltd increased its position in Ryanair by 10.8% during the first quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after acquiring an additional 385,444 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Ryanair Price Performance

NASDAQ:RYAAY opened at $56.35 on Friday. Ryanair Holdings PLC has a one year low of $53.14 and a one year high of $74.24. The business has a fifty day moving average price of $61.03 and a 200-day moving average price of $62.63. The firm has a market capitalization of $29.28 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, July 20th. The transportation company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. On average, equities research analysts expect that Ryanair Holdings PLC will post 4.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jason Paul Mcguinness sold 9,999 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $27.56, for a total value of $275,572.44. Following the transaction, the insider owned 14,305 shares of the company’s stock, valued at $394,245.80. This trade represents a 41.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $182,043.99. Following the transaction, the insider directly owned 14,136 shares in the company, valued at approximately $367,677.36. The trade was a 33.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 126,607 shares of company stock valued at $3,386,997.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Zacks Research raised shares of Ryanair from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday, July 14th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Monday, June 22nd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.50.

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.