Ryanair Holdings PLC $RYAAY Shares Sold by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP reduced its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 6.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,456,749 shares of the transportation company’s stock after selling 223,549 shares during the quarter. Ryanair comprises approximately 13.7% of Trinity Street Asset Management LLP’s holdings, making the stock its 3rd biggest position. Trinity Street Asset Management LLP’s holdings in Ryanair were worth $199,800,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Capula Management Ltd acquired a new position in shares of Ryanair in the third quarter valued at $1,235,000. Assetmark Inc. lifted its stake in shares of Ryanair by 151.0% during the 4th quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock worth $25,672,000 after buying an additional 213,948 shares during the last quarter. US Bancorp DE lifted its stake in shares of Ryanair by 10,134.5% during the 3rd quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock worth $2,108,000 after buying an additional 34,660 shares during the last quarter. Metropolis Capital Ltd lifted its stake in shares of Ryanair by 10.8% during the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock worth $228,266,000 after buying an additional 385,444 shares during the last quarter. Finally, Maven Securities LTD bought a new stake in shares of Ryanair during the 4th quarter worth about $11,255,000. 43.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $77.00 price target on shares of Ryanair in a research note on Monday, June 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. Finally, Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, March 12th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.67.

Insider Activity

In other news, insider Juliusz Grzegorz Komorek sold 14,053 shares of the firm’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 transaction of $365,518.53. Following the transaction, the insider directly owned 46,264 shares of the company’s stock, valued at approximately $1,203,326.64. This trade represents a 23.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jason Paul Mcguinness sold 12,562 shares of Ryanair stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $326,737.62. Following the completion of the sale, the insider owned 24,304 shares of the company’s stock, valued at approximately $632,147.04. The trade was a 34.07% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 126,607 shares of company stock worth $3,386,997.

Ryanair Trading Up 0.7%

Shares of Ryanair stock opened at $64.75 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a 50-day moving average of $58.74 and a 200-day moving average of $63.68. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The stock has a market cap of $33.69 billion, a PE ratio of 13.75, a PEG ratio of 1.66 and a beta of 1.15.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.08 billion. As a group, sell-side analysts forecast that Ryanair Holdings PLC will post 4.23 EPS for the current 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.