Ryanair (NASDAQ:RYAAY) Sees Unusually-High Trading Volume – Here’s What Happened

Ryanair Holdings PLC (NASDAQ:RYAAY) saw unusually-high trading volume on Tuesday . Approximately 1,344,209 shares were traded during trading, a decline of 6% from the previous session’s volume of 1,437,522 shares.The stock last traded at $66.43 and had previously closed at $67.06.

Analyst Ratings Changes

A number of research firms recently issued reports on RYAAY. 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 note on Thursday, March 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Weiss Ratings downgraded Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein set a $79.00 target price on Ryanair in a research report on Monday. Finally, Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ryanair has a consensus rating of “Moderate Buy” and an average target price of $78.33.

Ryanair Stock Performance

The company has a market capitalization of $34.09 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. The company’s 50 day moving average is $59.66 and its 200-day moving average is $63.46. 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 (NASDAQ:RYAAY) last posted its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) EPS 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 analyst estimates of $3.08 billion. Equities analysts anticipate that Ryanair Holdings PLC will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jason Paul Mcguinness sold 9,999 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.56, for a total transaction of $275,572.44. Following the completion of the transaction, the insider owned 14,305 shares of the company’s stock, valued at $394,245.80. This trade represents a 41.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Dara Brady sold 8,973 shares of Ryanair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $233,387.73. Following the transaction, the chief marketing officer owned 17,550 shares of the company’s stock, valued at $456,475.50. The trade was a 33.83% 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. Insiders have sold a total of 126,607 shares of company stock worth $3,386,997 over the last three months.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RYAAY. Capital International Investors grew its holdings in shares of 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 buying an additional 2,464,742 shares during the last quarter. Capital World Investors raised its holdings 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 acquiring an additional 312,323 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Ryanair by 15.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock worth $527,341,000 after acquiring an additional 985,939 shares during the last quarter. Janus Henderson Group PLC lifted its position in Ryanair by 3.3% in the 1st quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock valued at $332,480,000 after acquiring an additional 185,110 shares in the last quarter. Finally, Metropolis Capital Ltd lifted its position in Ryanair by 10.8% in the 1st 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. 43.66% of the stock is owned by hedge funds and other institutional investors.

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.