AIA Group Ltd Buys 43,818 Shares of Ryanair Holdings PLC $RYAAY

AIA Group Ltd lifted its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 50.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,402 shares of the transportation company’s stock after purchasing an additional 43,818 shares during the period. AIA Group Ltd’s holdings in Ryanair were worth $7,537,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Dorsey Wright & Associates boosted its holdings in Ryanair by 39.7% in the 1st quarter. Dorsey Wright & Associates now owns 38,696 shares of the transportation company’s stock worth $2,237,000 after buying an additional 10,988 shares during the period. Assetmark Inc. lifted its position in shares of Ryanair by 24.5% during the first quarter. Assetmark Inc. now owns 442,827 shares of the transportation company’s stock worth $25,595,000 after acquiring an additional 87,210 shares in the last quarter. Gallacher Capital Management LLC boosted its holdings in shares of Ryanair by 2.4% in the first quarter. Gallacher Capital Management LLC now owns 13,215 shares of the transportation company’s stock worth $764,000 after acquiring an additional 316 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Ryanair in the first quarter worth $212,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of Ryanair by 1.0% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 215,679 shares of the transportation company’s stock valued at $12,466,000 after purchasing an additional 2,230 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Insider Buying and Selling

In related news, insider John Jh Hurley sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the sale, the insider directly owned 76,025 shares of the company’s stock, valued at $2,375,021. This trade represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of Ryanair stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $365,518.53. Following the sale, the insider owned 46,264 shares of the company’s stock, valued at approximately $1,203,326.64. The trade was a 23.30% decrease in their ownership of the stock. 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 sold 126,607 shares of company stock valued at $3,386,997 in the last 90 days.

Ryanair Stock Performance

Shares of RYAAY stock opened at $62.57 on Monday. The company has a market capitalization of $32.51 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The business’s fifty day moving average is $60.84 and its 200 day moving average is $63.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90.

Ryanair (NASDAQ:RYAAY) last posted its earnings results 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 return on equity of 25.58% and a net margin of 13.95%.The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. On average, equities research analysts anticipate that Ryanair Holdings PLC will post 4.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RYAAY. Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Monday, June 22nd. Finally, Citigroup restated a “buy” rating on shares of Ryanair in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.33.

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.