Inspire Investing LLC Raises Stake in Ryanair Holdings PLC $RYAAY

Inspire Investing LLC lifted its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 32.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,994 shares of the transportation company’s stock after purchasing an additional 12,573 shares during the period. Inspire Investing LLC’s holdings in Ryanair were worth $2,947,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RYAAY. CIBC Private Wealth Group LLC boosted its position in Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after buying an additional 348 shares during the period. Pin Oak Investment Advisors Inc. increased its position in shares of Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after acquiring an additional 498 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Ryanair by 39.4% during 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. Finally, Larson Financial Group LLC raised its stake in shares of Ryanair by 64.9% during the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 257 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors.

Insider Activity at Ryanair

In other news, insider Darrell Thomas Hughes sold 8,197 shares of Ryanair stock in a transaction on Tuesday, May 19th. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Dara Brady sold 8,973 shares of the business’s stock in a transaction on 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 directly owned 17,550 shares of the company’s stock, valued at approximately $456,475.50. The trade was a 33.83% decrease in their ownership of the stock. 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 have sold 111,607 shares of company stock valued at $2,918,397 over the last 90 days.

Ryanair Trading Down 0.3%

NASDAQ:RYAAY opened at $64.32 on Tuesday. Ryanair Holdings PLC has a one year low of $53.14 and a one year high of $74.24. 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 cap of $33.47 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.65 and a beta of 1.15. The firm has a 50-day simple moving average of $58.69 and a 200-day simple moving average of $63.70.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.09. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. Equities analysts anticipate that Ryanair Holdings PLC will post 4.25 EPS for the current fiscal year.

Analysts Set New Price Targets

RYAAY has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $77.00 target price on shares of Ryanair in a research report on Monday, June 8th. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Tuesday, May 19th. Finally, Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and a consensus target price of $77.67.

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.