Assenagon Asset Management S.A. Lowers Stock Holdings in Ryanair Holdings PLC $RYAAY

Assenagon Asset Management S.A. lessened its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 53.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,103 shares of the transportation company’s stock after selling 93,705 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ryanair were worth $4,688,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. LVW Advisors LLC raised its position in Ryanair by 2.6% during the 4th quarter. LVW Advisors LLC now owns 6,276 shares of the transportation company’s stock worth $453,000 after buying an additional 158 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 165 shares in the last quarter. One Wealth Advisors LLC increased its stake in shares of Ryanair by 3.1% during the fourth quarter. One Wealth Advisors LLC now owns 6,225 shares of the transportation company’s stock worth $449,000 after acquiring an additional 185 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Ryanair by 41.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the transportation company’s stock worth $48,000 after purchasing an additional 197 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its holdings in Ryanair by 1.1% during the fourth quarter. AdvisorShares Investments LLC now owns 18,145 shares of the transportation company’s stock worth $1,310,000 after purchasing an additional 201 shares in the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jason Paul Mcguinness sold 12,562 shares of Ryanair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $326,737.62. Following the transaction, the insider owned 24,304 shares in the company, valued at approximately $632,147.04. The trade was a 34.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of the company’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 $365,518.53. Following the completion of the sale, the insider directly owned 46,264 shares of the company’s stock, valued at $1,203,326.64. The trade was a 23.30% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Citigroup restated a “buy” rating on shares of Ryanair in a research report on Tuesday, May 19th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, March 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Ryanair currently has an average rating of “Moderate Buy” and a consensus price target of $77.67.

Ryanair Stock Down 0.3%

Shares of NASDAQ RYAAY opened at $64.32 on Tuesday. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24. The firm’s 50 day moving average price is $58.69 and its 200 day moving average price is $63.70. The firm has a market cap of $33.47 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 1.65 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.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.08 billion. As a group, sell-side analysts anticipate that Ryanair Holdings PLC will post 4.25 earnings per share for the current year.

About Ryanair

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.