Carol Marie Sharkey Sells 6,999 Shares of Ryanair (NASDAQ:RYAAY) Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) insider Carol Marie Sharkey sold 6,999 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $182,043.99. Following the sale, the insider directly owned 14,136 shares of the company’s stock, valued at $367,677.36. This represents a 33.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Price Performance

RYAAY traded up $0.53 on Thursday, hitting $57.42. 1,660,166 shares of the stock were exchanged, compared to its average volume of 1,520,157. Ryanair Holdings PLC has a 12 month low of $53.14 and a 12 month high of $74.24. The business has a 50-day moving average of $58.67 and a two-hundred day moving average 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. The firm has a market capitalization of $29.90 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.25 and a beta of 1.13.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, May 18th. The transportation company reported ($0.86) earnings per share for the quarter, topping 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 business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Sell-side analysts forecast that Ryanair Holdings PLC will post 4.72 EPS for the current fiscal year.

Key Ryanair News

Here are the key news stories impacting Ryanair this week:

• Negative Sentiment: Multiple Ryanair executives and insiders, including the CEO, CFO, and other senior leaders, disclosed stock sales on May 19 at $26.01 per share. The company said the transactions were made to cover tax withholding obligations tied to vested equity awards, which limits the bearish read somewhat, but the volume and number of sales may still weigh on sentiment. Article: Insider Carol Marie Sharkey sold shares
• Neutral Sentiment: A Reuters report said Europe’s airlines are facing headwinds from wars, regulation, and higher operating costs, with carriers calling for stronger EU support and cheaper sustainable fuel. That backdrop is relevant for Ryanair as a major European low-cost airline, but the story is industry-wide rather than company-specific. Article: Europe’s airlines say wars, red tape are holding them back

Analyst Ratings Changes

A number of research analysts have recently commented on RYAAY shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Tuesday. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. Citigroup reissued a “buy” rating on shares of Ryanair in a report on Tuesday. Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, March 12th. Finally, Erste Group Bank lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. One investment 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.67.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC increased its position in 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 during the period. Pin Oak Investment Advisors Inc. grew its position in Ryanair by 76.0% in 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 during the period. UMB Bank n.a. grew its position in Ryanair by 1,057.4% in 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 during the period. Brown Brothers Harriman & Co. boosted its holdings in Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after acquiring an additional 498 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Ryanair by 39.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

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.