Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Keybank National Association OH

Keybank National Association OH lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,675 shares of the company’s stock after acquiring an additional 610 shares during the period. Keybank National Association OH’s holdings in Royal Caribbean Cruises were worth $291,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Loomis Sayles & Co. L P increased its position in shares of Royal Caribbean Cruises by 4.0% in the first quarter. Loomis Sayles & Co. L P now owns 5,077 shares of the company’s stock worth $425,000 after acquiring an additional 196 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Royal Caribbean Cruises by 17.4% in the first quarter. Ancora Advisors LLC now owns 1,350 shares of the company’s stock worth $116,000 after acquiring an additional 200 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in shares of Royal Caribbean Cruises by 16.2% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,495 shares of the company’s stock worth $125,000 after acquiring an additional 208 shares in the last quarter. Sawtooth Solutions LLC increased its position in shares of Royal Caribbean Cruises by 2.0% in the third quarter. Sawtooth Solutions LLC now owns 12,802 shares of the company’s stock worth $485,000 after acquiring an additional 249 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its position in shares of Royal Caribbean Cruises by 6.1% in the first quarter. Meiji Yasuda Life Insurance Co now owns 4,894 shares of the company’s stock worth $410,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 74.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RCL shares. Credit Suisse Group dropped their price objective on shares of Royal Caribbean Cruises from $135.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $63.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, November 21st. StockNews.com upgraded shares of Royal Caribbean Cruises to a “sell” rating in a research note on Thursday, December 15th. Truist Financial upped their target price on shares of Royal Caribbean Cruises from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 22nd. Finally, Barclays upped their target price on shares of Royal Caribbean Cruises from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, December 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.08.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 522,289 shares of the stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $61.23, for a total transaction of $31,979,755.47. Following the sale, the director now directly owns 21,962,609 shares of the company’s stock, valued at $1,344,770,549.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 1,007,968 shares of company stock valued at $60,959,468. Company insiders own 9.28% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.7 %

NYSE RCL opened at $63.48 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $31.09 and a 12 month high of $90.55. The company has a current ratio of 0.29, a quick ratio of 0.27 and a debt-to-equity ratio of 6.05. The company’s fifty day moving average price is $55.77 and its two-hundred day moving average price is $46.89.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3 billion. Royal Caribbean Cruises had a negative net margin of 41.73% and a negative return on equity of 72.62%. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post -7.72 earnings per share for the current fiscal year.

Royal Caribbean Cruises 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.

See Also

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

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