Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Position Reduced by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) by 44.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,125 shares of the company’s stock after selling 21,297 shares during the period. Advisors Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tcwp LLC purchased a new position in Royal Caribbean Cruises during the first quarter valued at approximately $37,000. Bogart Wealth LLC grew its position in Royal Caribbean Cruises by 87.3% during the second quarter. Bogart Wealth LLC now owns 708 shares of the company’s stock valued at $25,000 after purchasing an additional 330 shares in the last quarter. Zions Bancorporation N.A. grew its position in Royal Caribbean Cruises by 63.1% during the first quarter. Zions Bancorporation N.A. now owns 742 shares of the company’s stock valued at $62,000 after purchasing an additional 287 shares in the last quarter. Wolff Wiese Magana LLC grew its position in Royal Caribbean Cruises by 103.5% during the first quarter. Wolff Wiese Magana LLC now owns 824 shares of the company’s stock valued at $69,000 after purchasing an additional 419 shares in the last quarter. Finally, Elequin Capital LP acquired a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $75,000. 67.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on RCL. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 19th. 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. Morgan Stanley reduced their target price on shares of Royal Caribbean Cruises from $54.00 to $40.00 and set an “underweight” rating for the company in a research note on Friday, July 29th. 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. Finally, Tigress Financial reiterated a “buy” rating and issued a $80.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, October 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.08.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $60.14 on Thursday. The stock has a market cap of $15.35 billion, a P/E ratio of -5.08 and a beta of 2.40. Royal Caribbean Cruises Ltd. has a one year low of $31.09 and a one year high of $90.55. The company has a fifty day moving average price of $48.64 and a 200 day moving average price of $46.40. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.29 and a quick ratio of 0.27.

About Royal Caribbean Cruises

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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.

Further Reading

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

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