Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Lessened by Keybank National Association OH

Keybank National Association OH reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) by 56.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,065 shares of the company’s stock after selling 9,215 shares during the quarter. Keybank National Association OH’s holdings in Royal Caribbean Cruises were worth $247,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RCL. Capital World Investors lifted its position in shares of Royal Caribbean Cruises by 1,314.9% in the 1st quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock worth $231,152,000 after buying an additional 2,564,035 shares during the last quarter. Capital International Investors boosted its stake in Royal Caribbean Cruises by 5.6% during the 1st quarter. Capital International Investors now owns 28,886,916 shares of the company’s stock valued at $2,419,663,000 after purchasing an additional 1,524,412 shares during the period. Neuberger Berman Group LLC boosted its stake in Royal Caribbean Cruises by 31.8% during the 1st quarter. Neuberger Berman Group LLC now owns 3,232,746 shares of the company’s stock valued at $270,748,000 after purchasing an additional 779,704 shares during the period. APG Asset Management N.V. boosted its stake in Royal Caribbean Cruises by 118.4% during the 1st quarter. APG Asset Management N.V. now owns 1,255,289 shares of the company’s stock valued at $94,520,000 after purchasing an additional 680,624 shares during the period. Finally, Fiera Capital Corp acquired a new position in Royal Caribbean Cruises during the 1st quarter valued at about $43,817,000. 67.41% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Up 1.3 %

NYSE RCL opened at $58.48 on Monday. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.29 and a quick ratio of 0.27. The company’s 50 day simple moving average is $47.59 and its 200 day simple moving average is $46.58. Royal Caribbean Cruises Ltd. has a 12 month low of $31.09 and a 12 month high of $90.55. The company has a market capitalization of $14.92 billion, a P/E ratio of -4.94 and a beta of 2.40.

Wall Street Analyst Weigh In

RCL has been the subject of a number of analyst reports. Credit Suisse Group reduced their target price on shares of Royal Caribbean Cruises from $135.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. Truist Financial reduced their target price on shares of Royal Caribbean Cruises from $65.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, September 20th. Susquehanna Bancshares reduced their target price on shares of Royal Caribbean Cruises from $70.00 to $50.00 in a research note on Friday, July 29th. Morgan Stanley dropped their price target on shares of Royal Caribbean Cruises from $54.00 to $40.00 and set an “underweight” rating on the stock in a research report on Friday, July 29th. Finally, Wells Fargo & Company boosted their price target on shares of Royal Caribbean Cruises from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.54.

Royal Caribbean Cruises Company Profile

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Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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