Cibc World Market Inc. Has $249,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Cibc World Market Inc. grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,125 shares of the company’s stock after acquiring an additional 836 shares during the quarter. Cibc World Market Inc.’s holdings in Royal Caribbean Cruises were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of RCL. Bogart Wealth LLC raised its stake in shares of Royal Caribbean Cruises by 87.3% during the 2nd quarter. Bogart Wealth LLC now owns 708 shares of the company’s stock worth $25,000 after purchasing an additional 330 shares during the period. Tcwp LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter worth about $37,000. PSI Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 56.3% during the second quarter. PSI Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after purchasing an additional 450 shares in the last quarter. Venture Visionary Partners LLC purchased a new stake in Royal Caribbean Cruises in the second quarter worth approximately $50,000. Finally, Allworth Financial LP boosted its stake in Royal Caribbean Cruises by 34.3% in the second quarter. Allworth Financial LP now owns 1,640 shares of the company’s stock worth $57,000 after buying an additional 419 shares in the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Price Performance

RCL opened at $59.34 on Thursday. The business has a fifty day moving average of $49.58 and a 200 day moving average of $45.72. Royal Caribbean Cruises Ltd. has a 52-week low of $31.09 and a 52-week high of $90.55. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 6.05. The stock has a market cap of $15.14 billion, a P/E ratio of -5.02 and a beta of 2.40.

Analyst Ratings Changes

A number of research firms have recently weighed in on RCL. Susquehanna dropped their price objective on Royal Caribbean Cruises from $70.00 to $50.00 in a research note on Friday, July 29th. Morgan Stanley decreased their target price on Royal Caribbean Cruises from $54.00 to $40.00 and set an “underweight” rating for the company in a report on Friday, July 29th. StockNews.com upgraded Royal Caribbean Cruises to a “sell” rating in a report on Friday, November 4th. Tigress Financial reissued a “buy” rating and issued a $80.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, October 21st. Finally, Credit Suisse Group cut their target price on Royal Caribbean Cruises from $135.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.69.

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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