Ryanair (NASDAQ:RYAAY) CFO Tracey Mccann Sells 8,197 Shares of Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) CFO Tracey Mccann 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 transaction of $213,203.97. Following the sale, the chief financial officer owned 38,703 shares in the company, valued at $1,006,665.03. This represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Stock Performance

NASDAQ RYAAY opened at $57.42 on Friday. The company has a fifty day moving average of $58.67 and a two-hundred day moving average of $64.54. The company has a market capitalization of $29.90 billion, a PE ratio of 12.19, a P/E/G ratio of 1.33 and a beta of 1.13. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.67.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, May 18th. The transportation company reported ($0.86) 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 business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. As a group, analysts expect that Ryanair Holdings PLC will post 4.65 earnings per share for the current year.

Institutional Trading of Ryanair

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Ryanair by 658.1% in the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after acquiring an additional 861,361 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Ryanair by 122.1% during the second quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock worth $750,000 after acquiring an additional 7,152 shares during the period. CW Advisors LLC purchased a new position in Ryanair during the second quarter worth about $263,000. EverSource Wealth Advisors LLC lifted its position in Ryanair by 99.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 1,013 shares during the period. Finally, Cerity Partners LLC acquired a new stake in Ryanair in the second quarter valued at about $295,000. Institutional investors and hedge funds own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings cut shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Sanford C. Bernstein raised shares of Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Finally, Citigroup reissued a “buy” rating on shares of Ryanair in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ryanair has a consensus rating of “Moderate Buy” and a consensus price target of $75.67.

Ryanair News Summary

Here are the key news stories impacting Ryanair this week:

• Neutral Sentiment: Several Ryanair insiders sold shares, but the filings state the transactions were made to cover tax withholding obligations tied to vesting equity awards, which usually makes the activity less concerning for investors. CEO Andreas Gruber sale filing
• Neutral Sentiment: The sales were spread across top management, including the CEO, CFO, CMO, and other insiders, but the disclosures do not indicate a change in the company’s operating outlook or a strategic shift. CFO Tracey Mccann sale filing
• Neutral Sentiment: The insider selling may keep some pressure on sentiment in the short term, but because it appears routine and tax-related, it is less likely to be viewed as a strong bearish signal. CEO Eddie Joseph Wilson sale filing

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.