ABC Arbitrage SA Has $5.27 Million Stock Holdings in Ryanair Holdings PLC $RYAAY

ABC Arbitrage SA grew its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 136.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 91,253 shares of the transportation company’s stock after acquiring an additional 52,741 shares during the period. ABC Arbitrage SA’s holdings in Ryanair were worth $5,274,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC grew 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 period. Pin Oak Investment Advisors Inc. increased its holdings in shares of Ryanair by 76.0% in the third 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. Brown Brothers Harriman & Co. increased its holdings in shares of Ryanair by 2,929.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after acquiring an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Ryanair by 39.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after purchasing an additional 165 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of Ryanair by 64.9% during the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock worth $47,000 after purchasing an additional 257 shares during the period. Institutional investors own 43.66% of the company’s stock.

Insider Activity at Ryanair

In other news, insider Juliusz Grzegorz Komorek sold 14,053 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $365,518.53. Following the sale, the insider directly owned 46,264 shares of the company’s stock, valued at approximately $1,203,326.64. This represents a 23.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 12,562 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $326,737.62. Following the completion of the sale, the insider owned 24,304 shares of the company’s stock, valued at $632,147.04. This trade represents a 34.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 126,607 shares of company stock worth $3,386,997 over the last ninety days.

Analyst Upgrades and Downgrades

Several analysts have commented on RYAAY shares. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Weiss Ratings cut shares of 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 price objective on shares of Ryanair in a research report on Monday, July 6th. Citigroup restated a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Finally, Morgan Stanley restated an “overweight” rating on shares of Ryanair in a report on Monday, June 22nd. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Ryanair presently has a consensus rating of “Moderate Buy” and an average price target of $78.33.

Ryanair Price Performance

NASDAQ:RYAAY opened at $63.91 on Tuesday. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The company has a market cap of $33.26 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50-day simple moving average is $60.25 and its 200 day simple moving average is $63.27.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) EPS 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 during the quarter, compared to the consensus estimate of $3.08 billion. As a group, sell-side analysts forecast that Ryanair Holdings PLC will post 4.36 EPS for the current fiscal 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.