Ryanair (NASDAQ:RYAAY) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Ryanair shares fell below their 200-day moving average of $59.36, trading as low as $57.84 and last at $57.88.
• Analyst views were mixed, but the consensus rating remained “Moderate Buy”, with an average price target of $73.97.
• Several major institutional investors increased their holdings; institutions and hedge funds owned 43.65% of the stock.

Ryanair Holdings PLC (NASDAQ:RYAAY - Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $59.36 and traded as low as $57.84. Ryanair shares last traded at $57.88, with a volume of 980,465 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays upgraded Ryanair from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 6th. Oddo Bhf lowered Ryanair from an "outperform" rating to an "underperform" rating in a research report on Wednesday, October 28th. Morgan Stanley initiated coverage on shares of Ryanair in a research note on Friday, August 14th. They issued an "overweight" rating and a $62.90 price target on the stock. Weiss Ratings lowered shares of Ryanair from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 4th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $73.97.

Ryanair Stock Performance

The stock has a market cap of $29.98 billion, a price-to-earnings ratio of 14.69 and a beta of 1.22. The firm's 50-day moving average is $54.71 and its two-hundred day moving average is $59.36. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Insider Activity at Ryanair

In other Ryanair news, insider Carol Sharkey sold 6,166 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $28.06, for a total transaction of $173,017.96. Following the completion of the transaction, the insider owned 7,970 shares of the company's stock, valued at $223,638.20. This represents a 43.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Ryanair

A number of institutional investors have recently made changes to their positions in RYAAY. Janus Henderson Group PLC raised its stake in Ryanair by 3.3% in the 1st quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company's stock valued at $332,480,000 after purchasing an additional 185,110 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Ryanair by 0.4% in the 2nd quarter. Wellington Management Group LLP now owns 4,007,671 shares of the transportation company's stock valued at $259,497,000 after purchasing an additional 14,074 shares in the last quarter. Trinity Street Asset Management LLP lifted its holdings in Ryanair by 3.2% in the 2nd quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company's stock valued at $230,992,000 after purchasing an additional 110,700 shares in the last quarter. Sei Investments Co. boosted its stake in Ryanair by 34.3% during the 1st quarter. Sei Investments Co. now owns 2,172,317 shares of the transportation company's stock worth $125,560,000 after purchasing an additional 555,029 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Ryanair by 9.0% during the 1st quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company's stock worth $118,645,000 after purchasing an additional 170,242 shares during the last quarter. 43.65% of the stock is owned by institutional investors and hedge funds.

Ryanair Company Profile

Ryanair Holdings plc is an Irish airline group focused on low-fare, short-haul travel. Its airlines operate scheduled passenger flights, primarily on point-to-point routes, and offer related services such as priority boarding, seat selection and baggage options. The group serves destinations across Europe and also operates routes to countries in North Africa and the Middle East. Its airline businesses include Ryanair, Buzz, Malta Air and Lauda Europe. Founded in 1984, Ryanair began flying in 1985 with a route between Waterford, Ireland, and London Gatwick.

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