Dorsey Wright & Associates Has $2.24 Million Holdings in Ryanair Holdings PLC $RYAAY

Dorsey Wright & Associates increased its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 39.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,696 shares of the transportation company’s stock after purchasing an additional 10,988 shares during the quarter. Dorsey Wright & Associates’ holdings in Ryanair were worth $2,237,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RYAAY. Northwestern Mutual Wealth Management Co. boosted its stake in Ryanair by 645,657.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,789,672 shares of the transportation company’s stock valued at $201,386,000 after buying an additional 2,789,240 shares in the last quarter. Capital International Investors grew its position in Ryanair by 6.6% in the fourth quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock valued at $2,884,834,000 after acquiring an additional 2,464,742 shares during the period. Wellington Management Group LLP raised its stake in Ryanair by 58.0% during the fourth quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock worth $281,182,000 after acquiring an additional 1,429,666 shares in the last quarter. Norges Bank acquired a new position in Ryanair during the fourth quarter worth $91,970,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Stock Down 5.7%

Shares of NASDAQ:RYAAY opened at $62.57 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. The firm has a market cap of $32.56 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.70 and a beta of 1.15. Ryanair Holdings PLC has a 12 month low of $53.14 and a 12 month high of $74.24. The company’s 50-day moving average price is $60.84 and its two-hundred day moving average price is $63.11.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. As a group, research analysts forecast that Ryanair Holdings PLC will post 4.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RYAAY. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a report on Tuesday. Weiss Ratings lowered shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Sanford C. Bernstein set a $79.00 price objective on shares of Ryanair in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.33.

Insider Buying and Selling

In other Ryanair news, insider Jason Paul Mcguinness sold 9,999 shares of the business’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 completion of the transaction, the insider directly owned 14,305 shares of the company’s stock, valued at approximately $394,245.80. The trade was a 41.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carol Marie Sharkey sold 6,999 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $182,043.99. Following the completion of the transaction, the insider owned 14,136 shares of the company’s stock, valued at $367,677.36. This represents a 33.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 126,607 shares of company stock valued at $3,386,997.

Ryanair Company 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.