U S Global Investors Inc. trimmed its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,201 shares of the transportation company’s stock after selling 9,452 shares during the period. U S Global Investors Inc.’s holdings in Ryanair were worth $6,023,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Ryanair by 658.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after purchasing an additional 861,361 shares during the period. American Century Companies Inc. lifted its holdings in shares of Ryanair by 122.1% in the 2nd quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock valued at $750,000 after buying an additional 7,152 shares during the period. CW Advisors LLC purchased a new stake in shares of Ryanair in the second quarter worth about $263,000. EverSource Wealth Advisors LLC boosted its stake in shares of Ryanair by 99.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company’s stock worth $117,000 after buying an additional 1,013 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in Ryanair during the second quarter worth about $295,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Sanford C. Bernstein set a $79.00 price objective on shares of Ryanair in a report on Monday. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Weiss Ratings lowered Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.33.
Ryanair Price Performance
Shares of RYAAY traded up $0.48 during mid-day trading on Friday, hitting $64.63. 1,489,339 shares of the company were exchanged, compared to its average volume of 1,245,136. The stock has a market cap of $33.63 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.68 and a beta of 1.15. Ryanair Holdings PLC has a 1-year low of $53.14 and a 1-year high of $74.24. The company has a 50 day moving average of $60.07 and a 200-day moving average of $63.41. 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 (NASDAQ:RYAAY – Get Free Report) last posted its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.08 billion. Analysts expect that Ryanair Holdings PLC will post 4.36 EPS for the current fiscal year.
Insider Transactions at Ryanair
In related news, insider Darrell Thomas Hughes sold 8,197 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 $213,203.97. Following the completion of the transaction, the insider directly owned 37,362 shares of the company’s stock, valued at approximately $971,785.62. This represents a 17.99% decrease in their position. The transaction was disclosed in a document filed 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, insider Jason Paul Mcguinness sold 9,999 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $27.56, for a total value of $275,572.44. Following the completion of the transaction, the insider owned 14,305 shares in the company, valued at $394,245.80. The trade was a 41.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 126,607 shares of company stock valued at $3,386,997.
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.
Further Reading
- Five stocks we like better than Ryanair
- Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
Receive News & Ratings for Ryanair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryanair and related companies with MarketBeat.com's FREE daily email newsletter.
