Ryanair (NASDAQ:RYAAY) Insider Jason Paul Mcguinness Sells 12,562 Shares

Ryanair Holdings PLC (NASDAQ:RYAAY) insider Jason Paul Mcguinness sold 12,562 shares of the company’s 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 $326,737.62. Following the completion of the sale, the insider owned 24,304 shares in the company, valued at approximately $632,147.04. This represents a 34.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Price Performance

Shares of RYAAY traded up $0.53 on Thursday, reaching $57.42. The stock had a trading volume of 1,660,166 shares, compared to its average volume of 1,520,157. The firm has a market capitalization of $29.90 billion, a PE ratio of 12.19, a PEG ratio of 1.25 and a beta of 1.13. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. Ryanair Holdings PLC has a twelve month low of $53.14 and a twelve month high of $74.24. The firm has a 50-day moving average of $58.67 and a 200 day moving average of $64.54.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, May 18th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.09. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. Sell-side analysts expect that Ryanair Holdings PLC will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RYAAY. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Zacks Research lowered shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of Ryanair in a research report on Tuesday. Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Finally, Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, March 12th. One 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.67.

Institutional Trading of Ryanair

A number of institutional investors have recently modified their holdings of RYAAY. Northwestern Mutual Wealth Management Co. boosted its position in shares of Ryanair by 645,657.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,789,672 shares of the transportation company’s stock worth $201,386,000 after buying an additional 2,789,240 shares during the period. Capital World Investors boosted its position in Ryanair by 9.3% in the 3rd quarter. Capital World Investors now owns 30,738,934 shares of the transportation company’s stock valued at $1,851,043,000 after buying an additional 2,626,911 shares during the last quarter. Capital International Investors increased its holdings in Ryanair by 6.6% during the 4th quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after purchasing an additional 2,464,742 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Ryanair by 58.0% in the 4th quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock valued at $281,182,000 after purchasing an additional 1,429,666 shares in the last quarter. Finally, Norges Bank bought a new position in Ryanair during the 4th quarter valued at $91,970,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

About Ryanair

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.