Polymer Capital Management HK LTD Acquires Shares of 8,707 Ryanair Holdings PLC $RYAAY

Polymer Capital Management HK LTD acquired a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 8,707 shares of the transportation company’s stock, valued at approximately $629,000.

Several other large investors also recently added to or reduced their stakes in RYAAY. Goldman Sachs Group Inc. raised its holdings in shares of Ryanair by 658.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after purchasing an additional 861,361 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Ryanair by 122.1% during the 2nd quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock worth $750,000 after acquiring an additional 7,152 shares in the last quarter. CW Advisors LLC bought a new position in shares of Ryanair during the 2nd quarter worth approximately $263,000. EverSource Wealth Advisors LLC grew its position in Ryanair by 99.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in Ryanair during the 2nd quarter worth approximately $295,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RYAAY has been the topic of several research analyst reports. Sanford C. Bernstein reissued an “outperform” rating and set a $77.00 target price on shares of Ryanair in a research report on Monday. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, March 12th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Citigroup reiterated a “buy” rating on shares of Ryanair in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.67.

Insiders Place Their Bets

In other news, CEO Andreas Gruber sold 13,467 shares of Ryanair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $350,276.67. Following the transaction, the chief executive officer directly owned 20,858 shares of the company’s stock, valued at $542,516.58. The trade was a 39.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Eddie Joseph Wilson sold 21,080 shares of Ryanair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $548,290.80. Following the completion of the transaction, the chief executive officer directly owned 132,526 shares in the company, valued at $3,447,001.26. The trade was a 13.72% 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. Over the last ninety days, insiders sold 111,607 shares of company stock worth $2,918,397.

Ryanair Stock Up 1.6%

Shares of NASDAQ:RYAAY opened at $60.33 on Friday. The firm’s 50 day moving average price is $58.28 and its 200 day moving average price is $64.03. The stock has a market cap of $31.39 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.52 and a beta of 1.15. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week high of $74.24. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, beating the consensus estimate of ($0.95) by $0.09. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. As a group, equities research analysts predict that Ryanair Holdings PLC will post 4.25 earnings per share for the current fiscal year.

Ryanair 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.