Ryanair Holdings PLC $RYAAY Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 24.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,311 shares of the transportation company’s stock after selling 10,847 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ryanair were worth $1,887,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. increased its stake in shares of Ryanair by 34.3% in the first quarter. Sei Investments Co. now owns 2,172,317 shares of the transportation company’s stock valued at $125,560,000 after buying an additional 555,029 shares during the period. Milford Funds Ltd. raised its position in shares of Ryanair by 25.4% during the second quarter. Milford Funds Ltd. now owns 1,263,847 shares of the transportation company’s stock worth $81,834,000 after acquiring an additional 256,253 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Ryanair by 3.3% during the first quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock worth $332,480,000 after acquiring an additional 185,110 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Ryanair by 9.0% in the first quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company’s stock worth $118,645,000 after acquiring an additional 170,242 shares during the period. Finally, Brooklands Fund Management Ltd acquired a new position in shares of Ryanair in the third quarter worth approximately $7,588,000. Institutional investors own 43.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. Barclays lowered shares of Ryanair from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 9th. Morgan Stanley initiated coverage on Ryanair in a research report on Friday, August 14th. They set an “overweight” rating and a $62.90 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ryanair presently has a consensus rating of “Moderate Buy” and an average price target of $73.97.

Ryanair Stock Up 1.3%

Shares of NASDAQ RYAAY opened at $59.30 on Friday. The firm has a market cap of $30.71 billion, a PE ratio of 15.05, a P/E/G ratio of 4.89 and a beta of 1.22. Ryanair Holdings PLC has a 12-month low of $51.02 and a 12-month high of $74.24. The company’s fifty day simple moving average is $54.30 and its 200 day simple moving average is $59.57. The company has a quick ratio of 0.79, a current ratio of 1.17 and a debt-to-equity ratio of 0.04.

Insiders Place Their Bets

In other news, insider Carol Sharkey sold 6,166 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $28.06, for a total transaction of $173,017.96. Following the transaction, the insider owned 7,970 shares in the company, valued at approximately $223,638.20. This represents a 43.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

About Ryanair

Ryanair Holdings plc is an Irish airline group focused on low-fare, short-haul travel. Its airlines operate scheduled passenger flights, primarily on point-to-point routes, and offer related services such as priority boarding, seat selection and baggage options.

The group serves destinations across Europe and also operates routes to countries in North Africa and the Middle East. Its airline businesses include Ryanair, Buzz, Malta Air and Lauda Europe.

Founded in 1984, Ryanair began flying in 1985 with a route between Waterford, Ireland, and London Gatwick.