Ryanair Holdings PLC $RYAAY Shares Sold by Immersion Capital LLP

Immersion Capital LLP trimmed its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 44.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,942 shares of the transportation company’s stock after selling 124,800 shares during the period. Ryanair comprises 16.3% of Immersion Capital LLP’s holdings, making the stock its 4th largest position. Immersion Capital LLP’s holdings in Ryanair were worth $11,257,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC boosted its stake in shares of Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after buying an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in shares of Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after buying an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after buying an additional 498 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Ryanair by 39.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after buying an additional 165 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake 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 worth $47,000 after buying an additional 257 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RYAAY shares. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Tuesday, May 19th. Erste Group Bank cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings cut shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ryanair presently has an average rating of “Moderate Buy” and an average price target of $77.67.

Ryanair Stock Performance

Shares of NASDAQ:RYAAY opened at $60.64 on Thursday. The company’s 50 day simple moving average is $58.45 and its 200 day simple moving average is $63.88. The stock has a market capitalization of $31.56 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.59 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. The business had revenue of $2.70 billion for 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%. As a group, research analysts predict that Ryanair Holdings PLC will post 4.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jason Paul Mcguinness sold 12,562 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 value of $326,737.62. Following the transaction, the insider directly owned 24,304 shares of the company’s stock, valued at $632,147.04. This trade represents a 34.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 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 $233,387.73. Following the completion of the transaction, the chief marketing officer directly owned 17,550 shares in the company, valued at $456,475.50. This trade represents a 33.83% 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 a total of 111,607 shares of company stock valued at $2,918,397 over the last three months.

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.