Credit Industriel ET Commercial Sells 95,598 Shares of Ryanair Holdings PLC $RYAAY

Credit Industriel ET Commercial lowered its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 48.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 99,841 shares of the transportation company’s stock after selling 95,598 shares during the quarter. Credit Industriel ET Commercial’s holdings in Ryanair were worth $5,771,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital International Investors grew its stake in shares of Ryanair by 6.6% in the fourth quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after acquiring an additional 2,464,742 shares during the period. Capital World Investors grew its position in Ryanair by 1.0% in the 4th quarter. Capital World Investors now owns 31,051,257 shares of the transportation company’s stock worth $2,241,612,000 after purchasing an additional 312,323 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Ryanair by 15.6% during the 4th 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 last quarter. Janus Henderson Group PLC raised its stake in Ryanair by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 5,567,154 shares of the transportation company’s stock valued at $401,892,000 after buying an additional 117,639 shares during the last quarter. Finally, Metropolis Capital Ltd raised its stake in Ryanair by 10.8% during the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after buying an additional 385,444 shares during the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Andreas Gruber sold 13,467 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $350,276.67. Following the completion of the transaction, the chief executive officer owned 20,858 shares of the company’s stock, valued at $542,516.58. This represents a 39.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Juliusz Grzegorz Komorek sold 14,053 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 value of $365,518.53. Following the sale, the insider owned 46,264 shares of the company’s stock, valued at $1,203,326.64. This represents a 23.30% 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 ninety days, insiders sold 126,607 shares of company stock valued at $3,386,997.

Ryanair Trading Down 0.5%

Ryanair stock opened at $66.72 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24. The firm has a 50 day moving average of $59.27 and a 200 day moving average of $63.53. The firm has a market capitalization of $34.72 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.74 and a beta of 1.15.

Ryanair (NASDAQ:RYAAY) last issued 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 company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.08 billion. As a group, research analysts predict that Ryanair Holdings PLC will post 4.29 earnings per share for the current year.

Wall Street Analyst Weigh In

RYAAY has been the topic of a number of research reports. Citigroup restated a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Sanford C. Bernstein set a $79.00 price objective on shares of Ryanair in a research note on Monday. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. One equities research 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 issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.33.

Ryanair 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.