Marks Group Wealth Management Inc Invests $873,000 in Ryanair Holdings PLC $RYAAY

by · The Markets Daily

Marks Group Wealth Management Inc purchased a new position in Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,087 shares of the transportation company’s stock, valued at approximately $873,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RYAAY. CIBC Private Wealth Group LLC lifted its holdings in shares of Ryanair by 280.6% in the third 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 in the last quarter. Pin Oak Investment Advisors Inc. raised its stake in Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares in the last quarter. Larson Financial Group LLC raised its stake in Ryanair by 64.9% in the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 257 shares in the last quarter. Wexford Capital LP purchased a new stake in Ryanair in the third quarter valued at approximately $55,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Ryanair by 88.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 813 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 381 shares in the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on RYAAY. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Tuesday, May 19th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $77.00 target price on shares of Ryanair in a research note on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Weiss Ratings downgraded shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Finally, Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. One research 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 data from MarketBeat, Ryanair currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.67.

Get Our Latest Report on RYAAY

Insider Transactions at Ryanair

In other news, insider Jason Paul Mcguinness sold 12,562 shares of the firm’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $365,518.53. Following the completion of the transaction, the insider owned 46,264 shares in the company, valued at $1,203,326.64. This represents 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. In the last three months, insiders have sold 111,607 shares of company stock valued at $2,918,397.

Ryanair Stock Up 3.0%

Shares of Ryanair stock opened at $58.00 on Wednesday. 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 Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The stock has a market capitalization of $30.20 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.36 and a beta of 1.15. The company’s 50 day moving average price is $58.24 and its 200-day moving average price is $64.11.

Ryanair (NASDAQ:RYAAY – Get Free Report) last issued its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.09. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Equities research analysts forecast that Ryanair Holdings PLC will post 4.51 EPS for the current year.

Ryanair Profile

(Free Report)

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.

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