Capital International Sarl Purchases 24,420 Shares of Ryanair Holdings PLC $RYAAY

Capital International Sarl boosted its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 3.6% during the 4th quarter, HoldingsChannel reports. The fund owned 705,096 shares of the transportation company’s stock after buying an additional 24,420 shares during the quarter. Capital International Sarl’s holdings in Ryanair were worth $50,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RYAAY. Northwestern Mutual Wealth Management Co. increased its stake 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 acquiring an additional 2,789,240 shares during the period. Capital World Investors increased its stake in Ryanair by 9.3% during the third quarter. Capital World Investors now owns 30,738,934 shares of the transportation company’s stock valued at $1,851,043,000 after acquiring an additional 2,626,911 shares during the period. Capital International Investors increased its stake in Ryanair by 6.6% during the fourth quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock valued at $2,884,834,000 after acquiring an additional 2,464,742 shares during the period. Norges Bank bought a new position in Ryanair during the fourth quarter valued at about $91,970,000. Finally, Goldman Sachs Group Inc. increased its stake in Ryanair by 658.1% during the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after acquiring an additional 861,361 shares during the period. 43.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on RYAAY. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Citigroup restated a “buy” rating on shares of Ryanair in a research note on Tuesday, May 19th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings downgraded shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.67.

Insider Activity

In other Ryanair news, insider David Patrick Dpo O’brien sold 8,080 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $210,160.80. Following the completion of the sale, the insider directly owned 73,183 shares of the company’s stock, valued at approximately $1,903,489.83. The trade was a 9.94% 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 Jason Paul Mcguinness sold 9,999 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $27.56, for a total value of $275,572.44. Following the sale, the insider directly owned 14,305 shares of the company’s stock, valued at $394,245.80. This represents a 41.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 111,607 shares of company stock worth $2,918,397.

Ryanair Stock Up 0.0%

Shares of NASDAQ RYAAY opened at $56.98 on Friday. The firm’s 50-day simple moving average is $58.34 and its 200 day simple moving average is $64.15. The company has a market cap of $29.67 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. 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 12-month low of $53.14 and a 12-month high of $74.24.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.09. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. On average, research analysts expect that Ryanair Holdings PLC will post 4.51 earnings per share for the current fiscal year.

About Ryanair

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.