Ground Swell Capital LLC Buys New Position in Ryanair Holdings PLC $RYAAY

Ground Swell Capital LLC purchased a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,178 shares of the transportation company’s stock, valued at approximately $588,000. Ryanair makes up approximately 1.2% of Ground Swell Capital LLC’s portfolio, making the stock its 17th largest position.

Several other large investors also recently bought and sold shares of the company. Capula Management Ltd acquired a new position in shares of Ryanair in the third quarter worth about $1,235,000. Assetmark Inc. grew its stake in Ryanair by 151.0% during the 4th quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock valued at $25,672,000 after purchasing an additional 213,948 shares in the last quarter. US Bancorp DE grew its stake in Ryanair by 10,134.5% during the 3rd quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock valued at $2,108,000 after purchasing an additional 34,660 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Ryanair by 13.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,176,538 shares of the transportation company’s stock worth $191,291,000 after purchasing an additional 376,145 shares during the last quarter. Finally, Milford Funds Ltd. purchased a new stake in Ryanair during the 4th quarter worth approximately $39,379,000. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday, May 19th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $77.00 price target on shares of Ryanair in a research note on Monday, June 8th. Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Thursday, March 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.67.

Ryanair Trading Up 0.5%

NASDAQ RYAAY opened at $64.49 on Friday. Ryanair Holdings PLC has a one year low of $53.14 and a one year high of $74.24. The company has a 50-day simple moving average of $58.55 and a 200-day simple moving average of $63.73. 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 firm has a market capitalization of $33.56 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data 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. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.08 billion. On average, equities analysts forecast that Ryanair Holdings PLC will post 4.25 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Juliusz Grzegorz Komorek sold 14,053 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $365,518.53. Following the completion of the transaction, 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 ownership of the stock. The transaction 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, CEO Andreas Gruber sold 13,467 shares of the 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 $350,276.67. Following the sale, the chief executive officer owned 20,858 shares in the company, valued at $542,516.58. The trade was a 39.23% 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 a total of 111,607 shares of company stock valued at $2,918,397 over the last 90 days.

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.