Shares of Ryanair Holdings PLC (NASDAQ:RYAAY – Get Free Report) saw strong trading volume on Tuesday . Approximately 1,344,209 shares traded hands during trading, a decline of 6% from the previous session’s volume of 1,437,522 shares.The stock last traded at $66.43 and had previously closed at $67.06.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on RYAAY. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Zacks Research cut 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 note on Wednesday, July 1st. Finally, Weiss Ratings lowered shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, Ryanair currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.33.
View Our Latest Analysis on RYAAY
Ryanair Stock Performance
Ryanair (NASDAQ:RYAAY – Get Free Report) last posted 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 return on equity of 25.58% and a net margin of 13.95%.The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Analysts expect that Ryanair Holdings PLC will post 4.29 EPS for the current fiscal year.
Insider Transactions at Ryanair
In other Ryanair news, insider Jason Paul Mcguinness sold 12,562 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $326,737.62. Following the completion of the transaction, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, 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 completion of the transaction, the chief executive officer directly owned 132,526 shares of the company’s stock, valued at $3,447,001.26. This trade 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 90 days, insiders have sold 126,607 shares of company stock valued at $3,386,997.
Institutional Trading of Ryanair
A number of hedge funds have recently added to or reduced their stakes in RYAAY. Capital International Investors increased its holdings in shares of Ryanair by 6.6% during the fourth 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 in the last quarter. Capital World Investors increased its stake in shares of Ryanair by 1.0% in the fourth quarter. Capital World Investors now owns 31,051,257 shares of the transportation company’s stock valued at $2,241,612,000 after buying an additional 312,323 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Ryanair by 15.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock valued at $527,341,000 after buying an additional 985,939 shares during the period. Janus Henderson Group PLC raised its holdings in Ryanair by 3.3% in the 1st quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock valued at $332,480,000 after buying an additional 185,110 shares during the last quarter. Finally, Metropolis Capital Ltd boosted its position in 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 period. Institutional investors and hedge funds own 43.66% of the company’s stock.
Ryanair Company 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.
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