Ryanair (NASDAQ:RYAAY) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Ryanair Holdings PLC (NASDAQ:RYAAY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $63.72 and traded as high as $65.59. Ryanair shares last traded at $64.17, with a volume of 850,157 shares traded.

Analyst Ratings Changes

RYAAY has been the topic of several research reports. Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Monday. Citigroup reissued a “buy” rating on shares of Ryanair in a report on Tuesday, May 19th. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $77.00 price objective on shares of Ryanair in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ryanair currently has a consensus rating of “Moderate Buy” and an average price target of $77.67.

Ryanair Price Performance

The firm has a market capitalization of $33.39 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.63 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 business’s 50 day moving average is $58.50 and its two-hundred day moving average is $63.72.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (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 firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.08 billion. Equities research analysts anticipate that Ryanair Holdings PLC will post 4.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Ryanair

In other Ryanair news, CMO Dara Brady sold 8,973 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $233,387.73. Following the completion of the transaction, the chief marketing officer owned 17,550 shares in the company, valued at $456,475.50. This trade represents a 33.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David Patrick Dpo O’brien sold 8,080 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 $210,160.80. Following the transaction, the insider directly owned 73,183 shares of the company’s stock, valued at $1,903,489.83. The trade was a 9.94% decrease in their position. 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 have sold a total of 111,607 shares of company stock worth $2,918,397 in the last three months.

Hedge Funds Weigh In On Ryanair

Hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its stake in Ryanair by 280.6% during 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 in the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after purchasing an additional 209 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Ryanair by 2,929.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 498 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 165 shares during the period. Finally, Larson Financial Group LLC grew 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 valued at $47,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

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.