Ryanair Holdings PLC $RYAAY Shares Acquired by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 24.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 442,827 shares of the transportation company’s stock after buying an additional 87,210 shares during the period. Assetmark Inc.’s holdings in Ryanair were worth $25,595,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Maven Securities LTD bought a new stake in shares of Ryanair during the 4th quarter worth $11,255,000. Metropolis Capital Ltd grew its holdings in shares of Ryanair by 10.8% in the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock worth $228,266,000 after acquiring an additional 385,444 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Ryanair during the first quarter worth $4,190,000. Hudson Edge Investment Partners Inc. raised its position in shares of Ryanair by 2.9% during the first quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company’s stock worth $56,485,000 after purchasing an additional 27,700 shares during the period. Finally, Milford Funds Ltd. purchased a new stake in shares of Ryanair during the fourth quarter valued at $39,379,000. Institutional investors and hedge funds own 43.66% of the company’s stock.

Insider Activity

In other Ryanair news, insider John Jh Hurley sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $31.24, for a total transaction of $468,600.00. Following the completion of the sale, the insider directly owned 76,025 shares in the company, valued at approximately $2,375,021. This trade represents a 16.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Darrell Thomas Hughes sold 8,197 shares of Ryanair stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $213,203.97. Following the transaction, the insider directly owned 37,362 shares in the company, valued at approximately $971,785.62. This trade represents a 17.99% 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. In the last three months, insiders sold 126,607 shares of company stock worth $3,386,997.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Finally, Sanford C. Bernstein set a $79.00 target price on shares of Ryanair in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ryanair has an average rating of “Moderate Buy” and a consensus price target of $78.33.

Ryanair Price Performance

RYAAY opened at $62.57 on Friday. The firm has a market capitalization of $32.56 billion, a P/E ratio of 13.28, a PEG ratio of 1.61 and a beta of 1.15. The stock has a fifty day moving average of $60.84 and a 200-day moving average of $63.11. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. Equities analysts forecast that Ryanair Holdings PLC will post 4.44 EPS for the current fiscal year.

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.