Marks Group Wealth Management Inc Purchases New Position in Ryanair Holdings PLC $RYAAY

Marks Group Wealth Management Inc purchased a new stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAYFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 12,087 shares of the transportation company’s stock, valued at approximately $873,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. LVW Advisors LLC lifted its position in shares of Ryanair by 2.6% during the 4th quarter. LVW Advisors LLC now owns 6,276 shares of the transportation company’s stock valued at $453,000 after acquiring an additional 158 shares during the period. One Wealth Advisors LLC raised its holdings 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 buying an additional 185 shares during the last quarter. AdvisorShares Investments LLC raised its holdings in Ryanair by 1.1% during the fourth quarter. AdvisorShares Investments LLC now owns 18,145 shares of the transportation company’s stock worth $1,310,000 after buying an additional 201 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its holdings 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 buying an additional 209 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings 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 buying an additional 217 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Insider Activity

In other Ryanair news, insider Juliusz Grzegorz Komorek sold 14,053 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $365,518.53. Following the completion of the transaction, the insider owned 46,264 shares in the company, valued at $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 is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Eddie Joseph Wilson sold 21,080 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $548,290.80. Following the transaction, the chief executive officer owned 132,526 shares of the company’s stock, valued at $3,447,001.26. This represents a 13.72% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 111,607 shares of company stock valued at $2,918,397.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RYAAY. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Sanford C. Bernstein restated an “outperform” rating and set a $77.00 price objective on shares of Ryanair in a report on Monday. Weiss Ratings downgraded shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Finally, Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.67.

Check Out Our Latest Stock Report on Ryanair

Ryanair Price Performance

RYAAY opened at $58.00 on Wednesday. The firm has a market cap of $30.20 billion, a P/E ratio of 12.31, a PEG ratio of 1.36 and a beta of 1.15. The firm has a 50-day moving average of $58.24 and a 200 day moving average of $64.11. 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.

Ryanair (NASDAQ:RYAAYGet Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, beating the consensus estimate of ($0.95) by $0.09. The company 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%. On average, research analysts expect that Ryanair Holdings PLC will post 4.51 EPS for the current year.

About Ryanair

(Free Report)

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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Institutional Ownership by Quarter for Ryanair (NASDAQ:RYAAY)

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