Capital Wealth Planning LLC Invests $12.55 Million in Ryanair Holdings PLC $RYAAY

Capital Wealth Planning LLC bought a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) during the 4th quarter, Holdings Channel reports. The institutional investor bought 173,073 shares of the transportation company’s stock, valued at approximately $12,548,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC raised its position in shares of Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after acquiring an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its position in shares of Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Ryanair by 64.9% during the 4th quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock worth $47,000 after acquiring an additional 257 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Ryanair during the 3rd quarter worth about $55,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Ryanair by 88.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 813 shares of the transportation company’s stock worth $59,000 after acquiring an additional 381 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Insider Buying and Selling

In related news, CMO Dara Brady sold 8,973 shares of Ryanair stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $233,387.73. Following the sale, the chief marketing officer directly owned 17,550 shares in the company, valued at $456,475.50. The trade was a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andreas Gruber sold 13,467 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $350,276.67. Following the transaction, the chief executive officer directly owned 20,858 shares in the company, valued at $542,516.58. This represents a 39.23% decrease in their position. 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. In the last ninety days, insiders sold 111,607 shares of company stock worth $2,918,397.

Wall Street Analyst Weigh In

RYAAY has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research report on Tuesday, May 19th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Erste Group Bank lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, March 12th. Finally, Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.67.

Ryanair Trading Down 3.9%

Shares of RYAAY stock opened at $55.75 on Thursday. The business’s 50 day moving average is $58.24 and its two-hundred day moving average is $64.07. Ryanair Holdings PLC has a twelve month low of $53.14 and a twelve month high of $74.24. The company has a market capitalization of $29.03 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.15. 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 announced its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, beating the consensus estimate of ($0.95) by $0.09. Ryanair had a return on equity of 25.58% and a net margin of 13.95%.The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.08 billion. Equities analysts forecast that Ryanair Holdings PLC will post 4.51 EPS for the current year.

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.