John Jh Hurley Sells 15,000 Shares of Ryanair (NASDAQ:RYAAY) Stock

by · The Markets Daily

Ryanair Holdings PLC (NASDAQ:RYAAY – Get Free Report) insider John Jh Hurley sold 15,000 shares of Ryanair stock in a transaction 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 completion of the transaction, the insider owned 76,025 shares in the company, valued at $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ryanair Trading Down 2.0%

NASDAQ:RYAAY opened at $63.48 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. Ryanair Holdings PLC has a 1-year low of $53.14 and a 1-year high of $74.24. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.66 and a beta of 1.15. The stock has a fifty day simple moving average of $58.80 and a 200 day simple moving average of $63.63.

Ryanair (NASDAQ:RYAAY – Get Free Report) last released its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.09. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.08 billion. Sell-side analysts forecast that Ryanair Holdings PLC will post 4.24 earnings per share for the current year.

Institutional Trading of Ryanair

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in Ryanair by 645,657.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,789,672 shares of the transportation company’s stock valued at $201,386,000 after purchasing an additional 2,789,240 shares during the last quarter. Capital World Investors raised its stake in shares of 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 purchasing an additional 2,626,911 shares in the last quarter. Capital International Investors lifted its holdings in shares of Ryanair by 6.6% during the 4th quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock valued at $2,884,834,000 after buying an additional 2,464,742 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Ryanair by 58.0% in the 4th quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock valued at $281,182,000 after buying an additional 1,429,666 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Ryanair in the 4th quarter valued at approximately $91,970,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research report on Wednesday. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $77.00 target price on shares of Ryanair in a report on Monday, June 8th. Finally, Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Thursday, March 12th. One 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.com, Ryanair currently has a consensus rating of “Moderate Buy” and an average target price of $77.67.

Check Out Our Latest Stock Analysis on RYAAY

About Ryanair

(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.

See Also