Renaissance Technologies LLC Reduces Stock Holdings in Ryanair Holdings PLC $RYAAY

Renaissance Technologies LLC lowered its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 13.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,816,946 shares of the transportation company’s stock after selling 294,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Ryanair were worth $105,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. raised its stake in Ryanair by 151.0% during the 4th quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock worth $25,672,000 after acquiring an additional 213,948 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted its position in Ryanair by 2.9% in the first quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company’s stock valued at $56,485,000 after acquiring an additional 27,700 shares during the last quarter. Metropolis Capital Ltd boosted its stake in Ryanair by 10.8% in the first quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after acquiring an additional 385,444 shares in the last quarter. Maven Securities LTD acquired a new position in Ryanair in the fourth quarter valued at $11,255,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Ryanair during the first quarter worth about $4,190,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Ryanair in a report on Tuesday. Weiss Ratings raised Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Ryanair Stock Up 0.9%

NASDAQ RYAAY opened at $56.85 on Friday. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The business’s 50-day moving average price is $61.10 and its 200 day moving average price is $62.59. The firm has a market cap of $29.54 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.80 and a beta of 1.15.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, July 20th. The transportation company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. As a group, analysts anticipate that Ryanair Holdings PLC will post 4.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andreas Gruber sold 13,467 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $350,276.67. Following the completion of the sale, the chief executive officer directly owned 20,858 shares of the company’s stock, valued at $542,516.58. This trade represents a 39.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 completion of the transaction, the insider owned 24,304 shares in the company, valued at approximately $632,147.04. This trade represents a 34.07% 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. In the last 90 days, insiders have sold 126,607 shares of company stock valued at $3,386,997.

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.