Ryanair Holdings PLC (NASDAQ:RYAAY) Short Interest Update

Ryanair Holdings PLC (NASDAQ:RYAAY – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,425,460 shares, a growth of 57.7% from the May 14th total of 1,538,172 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,825,397 shares, the days-to-cover ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RYAAY. Erste Group Bank lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, March 12th. Weiss Ratings lowered Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research report 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.67.

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Insiders Place Their Bets

In related news, insider Jason Paul Mcguinness sold 12,562 shares of the stock in a transaction 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 transaction, the insider directly owned 24,304 shares of the company’s stock, valued at approximately $632,147.04. This trade represents a 34.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $365,518.53. Following the completion of the transaction, the insider directly 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 111,607 shares of company stock worth $2,918,397.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in Ryanair by 645,657.4% during the 4th 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 increased its stake in Ryanair by 9.3% during the 3rd quarter. Capital World Investors now owns 30,738,934 shares of the transportation company’s stock worth $1,851,043,000 after buying an additional 2,626,911 shares during the period. Capital International Investors increased its stake 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 buying an additional 2,464,742 shares during the period. Wellington Management Group LLP increased its stake in Ryanair by 58.0% during the 4th quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock worth $281,182,000 after buying an additional 1,429,666 shares during the period. Finally, Norges Bank purchased a new stake in Ryanair during the 4th quarter worth $91,970,000. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Stock Up 1.0%

Shares of RYAAY traded up $0.62 during midday trading on Tuesday, reaching $62.49. 260,860 shares of the company were exchanged, compared to its average volume of 1,481,913. The stock has a 50-day moving average price of $58.34 and a 200-day moving average price of $63.98. The company has a market cap of $32.52 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.55 and a beta of 1.15. Ryanair has a 1-year low of $53.14 and a 1-year high of $74.24. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01.

Ryanair (NASDAQ:RYAAY – Get Free Report) last issued its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. Research analysts expect that Ryanair will post 4.25 earnings per share for the current year.

Ryanair Company Profile

(Get 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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