Element Squared LLC Takes $2.10 Million Position in Ryanair Holdings PLC $RYAAY

Element Squared LLC purchased a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) in the first quarter, Holdings Channel reports. The firm purchased 36,323 shares of the transportation company’s stock, valued at approximately $2,099,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RYAAY. Capula Management Ltd purchased a new stake in shares of Ryanair in the 3rd quarter worth $1,235,000. Assetmark Inc. increased its stake in shares of Ryanair by 151.0% during the fourth quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock valued at $25,672,000 after buying an additional 213,948 shares during the period. US Bancorp DE raised its holdings in shares of Ryanair by 10,134.5% in the third quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock valued at $2,108,000 after acquiring an additional 34,660 shares in the last quarter. Metropolis Capital Ltd raised its holdings in shares of Ryanair by 10.8% in the first quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after acquiring an additional 385,444 shares in the last quarter. Finally, Maven Securities LTD bought a new stake in shares of Ryanair in the fourth quarter valued at about $11,255,000. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

RYAAY opened at $64.75 on Wednesday. The company has a market cap of $33.69 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.66 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. The firm’s 50-day moving average price is $58.74 and its 200-day moving average price is $63.68. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. As a group, equities analysts anticipate that Ryanair Holdings PLC will post 4.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RYAAY has been the subject of a number of research reports. Zacks Research lowered shares of Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $77.00 target price on shares of Ryanair in a research report on Monday, June 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. Finally, Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday, May 19th. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.67.

Insider Buying and Selling at Ryanair

In other Ryanair news, insider John Jh Hurley sold 15,000 shares of the firm’s 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 of the company’s stock, valued at approximately $2,375,021. This trade represents a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jason Paul Mcguinness sold 12,562 shares of Ryanair stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $326,737.62. Following the sale, the insider owned 24,304 shares of the company’s stock, valued at $632,147.04. The trade was a 34.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 126,607 shares of company stock worth $3,386,997 in the last three months.

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.