NewEdge Wealth LLC Has $5.66 Million Stake in Ryanair Holdings PLC $RYAAY

NewEdge Wealth LLC raised its holdings in Ryanair Holdings PLC (NASDAQ:RYAAYFree Report) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,880 shares of the transportation company’s stock after purchasing an additional 13,149 shares during the period. NewEdge Wealth LLC’s holdings in Ryanair were worth $5,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP increased its holdings in shares of Ryanair by 9.2% during the first quarter. First Trust Advisors LP now owns 91,618 shares of the transportation company’s stock worth $5,296,000 after purchasing an additional 7,692 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Ryanair by 10.9% in the first quarter. PNC Financial Services Group Inc. now owns 14,609 shares of the transportation company’s stock valued at $844,000 after buying an additional 1,438 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Ryanair by 42.4% in the first quarter. Parallel Advisors LLC now owns 2,886 shares of the transportation company’s stock valued at $167,000 after buying an additional 859 shares in the last quarter. AIA Group Ltd boosted its stake in shares of Ryanair by 50.6% in the first quarter. AIA Group Ltd now owns 130,402 shares of the transportation company’s stock valued at $7,537,000 after buying an additional 43,818 shares during the period. Finally, Dorsey Wright & Associates boosted its stake in shares of Ryanair by 39.7% in the first quarter. Dorsey Wright & Associates now owns 38,696 shares of the transportation company’s stock valued at $2,237,000 after buying an additional 10,988 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Insider Transactions at Ryanair

In other Ryanair news, insider Carol Marie Sharkey sold 6,999 shares of the firm’s stock in a transaction 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 sale, the insider owned 14,136 shares of the company’s stock, valued at approximately $367,677.36. This trade represents a 33.12% decrease in their position. The sale was disclosed in a document filed 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 John Jh Hurley sold 15,000 shares of Ryanair stock in a transaction on Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the completion of the transaction, the insider owned 76,025 shares in the company, valued at approximately $2,375,021. The trade was a 16.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 126,607 shares of company stock worth $3,386,997.

Ryanair Trading Down 3.5%

NASDAQ RYAAY opened at $56.35 on Friday. The firm has a market capitalization of $29.28 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 1.72 and a beta of 1.15. The firm’s 50 day simple moving average is $61.03 and its 200 day simple moving average is $62.63. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24.

Ryanair (NASDAQ:RYAAYGet Free Report) last announced its quarterly earnings data on Monday, July 20th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. On average, equities research analysts forecast that Ryanair Holdings PLC will post 4.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

RYAAY has been the topic of a number of recent research reports. Weiss Ratings upgraded Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Zacks Research upgraded Ryanair from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Finally, Citigroup restated a “buy” rating on shares of Ryanair in a research report on Wednesday, July 1st. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Read Our Latest Analysis on RYAAY

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.

Further Reading

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Institutional Ownership by Quarter for Ryanair (NASDAQ:RYAAY)

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