Ryanair (NASDAQ:RYAAY) CFO Tracey Mccann Sells 8,197 Shares

Ryanair Holdings PLC (NASDAQ:RYAAY) CFO Tracey Mccann sold 8,197 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 $213,203.97. Following the completion of the transaction, the chief financial officer owned 38,703 shares of the company’s stock, valued at approximately $1,006,665.03. This represents a 17.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Price Performance

Shares of Ryanair stock traded up $0.53 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. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 0.90. The firm has a fifty day moving average price of $58.67 and a 200-day moving average price of $64.54.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, May 18th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.08 billion. As a group, sell-side analysts anticipate that Ryanair Holdings PLC will post 4.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ryanair

A number of large investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. grew its holdings in Ryanair by 33.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 163,875 shares of the transportation company’s stock valued at $9,869,000 after buying an additional 41,065 shares in the last quarter. Capula Management Ltd purchased a new position in Ryanair during the third quarter worth about $1,235,000. Assetmark Inc. raised its stake in Ryanair by 151.0% during the fourth quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock worth $25,672,000 after purchasing an additional 213,948 shares during the period. US Bancorp DE raised its stake in Ryanair by 10,134.5% during the third quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock worth $2,108,000 after purchasing an additional 34,660 shares during the period. Finally, Truist Financial Corp raised its stake in Ryanair by 192.8% during the third quarter. Truist Financial Corp now owns 21,741 shares of the transportation company’s stock worth $1,309,000 after purchasing an additional 14,316 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Wall Street Analyst Weigh In

RYAAY has been the subject of a number of research reports. Wall Street Zen cut shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Sanford C. Bernstein raised shares of Ryanair from a “market perform” rating to an “outperform” rating in a research note on Monday, April 13th. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, March 12th. Finally, Weiss Ratings cut shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and a consensus target price of $75.67.

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.