Norges Bank bought a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,274,000 shares of the transportation company’s stock, valued at approximately $91,970,000.
A number of other large investors also recently bought and sold shares of the stock. LVW Advisors LLC increased 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 worth $453,000 after purchasing an additional 158 shares during the period. One Wealth Advisors LLC increased 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 worth $449,000 after purchasing an additional 185 shares during the period. Pin Oak Investment Advisors Inc. increased 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 worth $29,000 after purchasing an additional 209 shares during the period. Benjamin Edwards Inc. increased 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 worth $336,000 after purchasing an additional 217 shares during the period. Finally, Savant Capital LLC increased its stake in Ryanair by 3.8% during the fourth quarter. Savant Capital LLC now owns 6,398 shares of the transportation company’s stock worth $462,000 after purchasing an additional 234 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.
Ryanair Stock Up 0.0%
RYAAY stock opened at $56.98 on Friday. The company’s 50 day moving average price is $58.34 and its 200 day moving average price is $64.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week high of $74.24. The firm has a market capitalization of $29.67 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.38 and a beta of 1.15.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on RYAAY. Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, March 12th. Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a research note on Monday, April 13th. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday, May 19th. Erste Group Bank lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. 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 given 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 $75.67.
Read Our Latest Analysis on RYAAY
Insider Transactions at Ryanair
In related news, CEO Andreas Gruber sold 13,467 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 $350,276.67. Following the completion of the transaction, the chief executive officer directly owned 20,858 shares of the company’s stock, valued at $542,516.58. This represents a 39.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 company’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 value of $233,387.73. Following the completion of the transaction, the chief marketing officer directly owned 17,550 shares of the company’s stock, valued at $456,475.50. This trade represents a 33.83% 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. Insiders sold a total of 111,607 shares of company stock valued at $2,918,397 over the last three months.
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.
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