Ryanair (NASDAQ:RYAAY) CEO Sells $350,276.67 in Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) CEO Andreas Gruber sold 13,467 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were 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 in the company, valued at approximately $542,516.58. The trade was a 39.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Trading Up 3.8%

Ryanair stock opened at $59.62 on Friday. The stock has a market cap of $31.05 billion, a P/E ratio of 12.66, a PEG ratio of 1.44 and a beta of 1.13. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week high of $74.24. The firm’s fifty day moving average price is $58.58 and its 200-day moving average price is $64.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 0.90.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, May 18th. The transportation company reported ($0.86) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.09. The firm had revenue of $2.70 billion for 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%. Equities research analysts forecast that Ryanair Holdings PLC will post 4.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RYAAY. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Tuesday. Wall Street Zen cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, March 12th. Erste Group Bank cut Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research note on Tuesday. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.67.

More Ryanair News

Here are the key news stories impacting Ryanair this week:

• Neutral Sentiment: Multiple Ryanair insiders sold shares, but the company said the transactions were related to tax withholding on vested equity awards, suggesting the activity may be routine rather than a negative signal. CEO Andreas Gruber sale filing
• Neutral Sentiment: Ryanair also reported a mixed quarterly update: earnings per share beat estimates, but revenue came in below expectations, leaving investors with a balanced read on operating performance. Ryanair earnings and stock information
• Positive Sentiment: Analysts remain generally constructive on Ryanair Holdings PLC (NASDAQ: RYAAY), with several firms reiterating bullish ratings and an overall “Moderate Buy” consensus, which may be supporting the stock. Analyst ratings overview

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its stake in Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its stake in Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Ryanair by 2,929.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 498 shares during the last quarter. UMB Bank n.a. increased its stake in Ryanair by 1,057.4% in the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 497 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

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.