Ryanair Holdings PLC $RYAAY Position Reduced by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 15.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 346,663 shares of the transportation company’s stock after selling 64,971 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ryanair were worth $25,026,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. LVW Advisors LLC lifted its stake in Ryanair by 2.6% during the fourth quarter. LVW Advisors LLC now owns 6,276 shares of the transportation company’s stock valued at $453,000 after buying an additional 158 shares in the last quarter. One Wealth Advisors LLC lifted its stake in Ryanair by 3.1% during the fourth quarter. One Wealth Advisors LLC now owns 6,225 shares of the transportation company’s stock valued at $449,000 after buying an additional 185 shares in the last quarter. AdvisorShares Investments LLC lifted its stake in Ryanair by 1.1% during the fourth quarter. AdvisorShares Investments LLC now owns 18,145 shares of the transportation company’s stock valued at $1,310,000 after buying an additional 201 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after buying an additional 209 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in Ryanair by 3.9% during the second quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock valued at $336,000 after buying an additional 217 shares in the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Carol Marie Sharkey sold 6,999 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $182,043.99. Following the transaction, the insider owned 14,136 shares in the company, valued at approximately $367,677.36. This represents a 33.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Dara Brady sold 8,973 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $233,387.73. Following the completion of the transaction, the chief marketing officer owned 17,550 shares in the company, valued at $456,475.50. This represents a 33.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 111,607 shares of company stock valued at $2,918,397 over the last ninety days.

Analyst Ratings Changes

A number of analysts have commented on RYAAY shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research note 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 for the company in a research report on Thursday, March 12th. Sanford C. Bernstein raised shares of Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Zacks Research lowered shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Finally, Citigroup reissued a “buy” rating on shares of Ryanair in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.67.

Ryanair Price Performance

NASDAQ RYAAY opened at $60.78 on Monday. The company has a 50 day simple moving average of $58.52 and a 200-day simple moving average of $64.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $31.65 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.47 and a beta of 1.15. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. Equities research analysts predict that Ryanair Holdings PLC will post 4.51 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.