Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Spire Wealth Management

Spire Wealth Management increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 33.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,031 shares of the company’s stock after purchasing an additional 511 shares during the quarter. Spire Wealth Management’s holdings in Royal Caribbean Cruises were worth $187,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Panagora Asset Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 21.8% during the first quarter. Panagora Asset Management Inc. now owns 11,553 shares of the company’s stock valued at $968,000 after acquiring an additional 2,068 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Royal Caribbean Cruises by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,004 shares of the company’s stock valued at $2,514,000 after acquiring an additional 1,861 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Royal Caribbean Cruises by 2.3% during the first quarter. Yousif Capital Management LLC now owns 35,806 shares of the company’s stock valued at $3,000,000 after acquiring an additional 818 shares during the last quarter. Aviva PLC raised its holdings in shares of Royal Caribbean Cruises by 65.5% during the first quarter. Aviva PLC now owns 54,096 shares of the company’s stock valued at $4,532,000 after acquiring an additional 21,415 shares during the last quarter. Finally, Prudential PLC acquired a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $300,000. Institutional investors and hedge funds own 75.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on RCL. TheStreet raised Royal Caribbean Cruises from a “d+” rating to a “c-” rating in a report on Tuesday, December 5th. Barclays increased their price target on Royal Caribbean Cruises from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Argus increased their price target on Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Morgan Stanley increased their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Tigress Financial increased their price target on Royal Caribbean Cruises from $139.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.86.

Get Our Latest Stock Analysis on Royal Caribbean Cruises

Insider Transactions at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 284,766 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $121.73, for a total transaction of $34,664,565.18. Following the completion of the transaction, the director now directly owns 19,167,507 shares in the company, valued at $2,333,260,627.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Michael W. Bayley sold 7,800 shares of Royal Caribbean Cruises stock in a transaction on Friday, November 17th. The stock was sold at an average price of $105.00, for a total value of $819,000.00. Following the completion of the transaction, the chief executive officer now directly owns 94,391 shares in the company, valued at $9,911,055. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 284,766 shares of Royal Caribbean Cruises stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $121.73, for a total value of $34,664,565.18. Following the completion of the transaction, the director now owns 19,167,507 shares of the company’s stock, valued at $2,333,260,627.11. The disclosure for this sale can be found here. Insiders sold a total of 632,507 shares of company stock worth $76,012,718 over the last ninety days. Company insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Trading Down 3.3 %

Shares of Royal Caribbean Cruises stock opened at $116.97 on Friday. The firm has a market capitalization of $29.97 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.44 and a beta of 2.54. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $133.77. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a 50 day moving average of $123.24 and a 200 day moving average of $105.94.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the business posted ($1.12) earnings per share. The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 9.86 earnings per share for the current year.

Royal Caribbean Cruises Profile

(Free Report)

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.

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

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