Pacer Advisors Inc. Sells 44,242 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Pacer Advisors Inc. lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 52.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,658 shares of the company’s stock after selling 44,242 shares during the quarter. Pacer Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $5,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Custos Family Office LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $255,000. Raymond James & Associates lifted its holdings in shares of Royal Caribbean Cruises by 48.9% during the fourth quarter. Raymond James & Associates now owns 115,034 shares of the company’s stock worth $14,896,000 after purchasing an additional 37,784 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 3.6% during the fourth quarter. HB Wealth Management LLC now owns 5,907 shares of the company’s stock worth $765,000 after purchasing an additional 203 shares during the period. Premier Path Wealth Partners LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $248,000. Finally, Everhart Financial Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 8.5% during the fourth quarter. Everhart Financial Group Inc. now owns 5,435 shares of the company’s stock worth $704,000 after purchasing an additional 426 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is currently owned by insiders.

Royal Caribbean Cruises Trading Down 0.5 %

NYSE:RCL opened at $139.01 on Friday. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a 50-day moving average of $125.08 and a 200-day moving average of $111.38. The company has a market cap of $35.68 billion, a PE ratio of 22.35, a PEG ratio of 0.49 and a beta of 2.51. Royal Caribbean Cruises Ltd. has a one year low of $59.37 and a one year high of $141.62.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.12) earnings per share. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 10.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RCL shares. The Goldman Sachs Group started coverage on shares of Royal Caribbean Cruises in a report on Wednesday, March 13th. They set a “buy” rating and a $162.00 price target on the stock. Truist Financial reiterated a “buy” rating and set a $134.00 price target on shares of Royal Caribbean Cruises in a report on Monday, December 4th. Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Macquarie boosted their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.56.

View Our Latest Research Report on RCL

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 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.

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

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