Bessemer Group Inc. Sells 129,564 Shares of Ryanair Holdings PLC $RYAAY

Bessemer Group Inc. lessened its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAYFree Report) by 91.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,335 shares of the transportation company’s stock after selling 129,564 shares during the quarter. Bessemer Group Inc.’s holdings in Ryanair were worth $713,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RYAAY. CIBC Private Wealth Group LLC increased its position in Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after purchasing an additional 348 shares during the period. Pin Oak Investment Advisors Inc. boosted its stake in shares of Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after buying an additional 498 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Ryanair by 39.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after buying an additional 165 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of Ryanair by 64.9% during the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock worth $47,000 after buying an additional 257 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of several analyst reports. Citigroup restated a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Weiss Ratings raised Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a research report on Tuesday. Zacks Research raised Ryanair from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a report on Monday, June 22nd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.50.

View Our Latest Stock Analysis on Ryanair

Insider Buying and Selling

In related news, insider Carol Marie Sharkey sold 6,999 shares of the business’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 $182,043.99. Following the completion of the transaction, the insider directly owned 14,136 shares in the company, valued at approximately $367,677.36. The trade was a 33.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Jh Hurley sold 15,000 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $31.24, for a total value of $468,600.00. Following the sale, the insider directly owned 76,025 shares of the company’s stock, valued at approximately $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 126,607 shares of company stock valued at $3,386,997.

Ryanair Stock Performance

RYAAY opened at $56.85 on Friday. The firm’s fifty day moving average is $61.10 and its two-hundred day moving average is $62.59. The firm has a market cap of $29.54 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.15. Ryanair Holdings PLC has a twelve month low of $53.14 and a twelve month high of $74.24.

Ryanair (NASDAQ:RYAAYGet Free Report) last released its quarterly earnings data on Monday, July 20th. The transportation company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. Ryanair had a net margin of 12.14% and a return on equity of 21.23%. Equities analysts forecast that Ryanair Holdings PLC will post 4.09 EPS for the current fiscal year.

Ryanair Profile

(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.

See Also

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Institutional Ownership by Quarter for Ryanair (NASDAQ:RYAAY)

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