Insider Selling: Ryanair (NASDAQ:RYAAY) Insider Sells 14,053 Shares of Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) insider Juliusz Grzegorz Komorek sold 14,053 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $365,518.53. Following the completion of the sale, the insider directly owned 46,264 shares of the company’s stock, valued at $1,203,326.64. This represents a 23.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Trading Up 0.9%

Ryanair stock traded up $0.53 during mid-day trading on Thursday, hitting $57.42. The company’s stock had a trading volume of 1,660,166 shares, compared to its average volume of 1,520,157. The business has a 50 day moving average price of $58.67 and a 200-day moving average price of $64.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.67. Ryanair Holdings PLC has a 12 month low of $53.14 and a 12 month high of $74.24. The stock has a market cap of $29.90 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.25 and a beta of 1.13.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, May 18th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.08 billion. As a group, analysts forecast that Ryanair Holdings PLC will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a report on Monday, April 13th. Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Tuesday. Erste Group Bank cut Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research note on Tuesday. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.67.

Hedge Funds Weigh In On Ryanair

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its stake in shares of Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in shares of Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 497 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 498 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Ryanair by 39.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

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.