Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Raymond James & Associates

Raymond James & Associates grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 115,034 shares of the company’s stock after acquiring an additional 37,784 shares during the quarter. Raymond James & Associates’ holdings in Royal Caribbean Cruises were worth $14,896,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter worth about $26,000. ST Germain D J Co. Inc. lifted its holdings in shares of Royal Caribbean Cruises by 65.0% during the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the period. Hanseatic Management Services Inc. acquired a new stake in shares of Royal Caribbean Cruises during the third quarter worth about $36,000. HM Payson & Co. acquired a new stake in shares of Royal Caribbean Cruises during the third quarter worth about $46,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Royal Caribbean Cruises by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 928 shares of the company’s stock worth $46,000 after purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 2.2 %

Royal Caribbean Cruises stock opened at $137.41 on Wednesday. The stock has a market capitalization of $35.27 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 12 month low of $59.37 and a 12 month high of $141.62. The business has a 50 day simple moving average of $125.88 and a 200-day simple moving average of $112.34. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The business’s revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.12) earnings per share. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.08 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the subject of a number of research reports. Morgan Stanley lifted their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Susquehanna lifted their target price on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Macquarie lifted their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Tigress Financial lifted their target price on Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, TheStreet raised Royal Caribbean Cruises from a “d+” rating to a “c-” rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.56.

Read Our Latest Report on RCL

About Royal Caribbean Cruises

(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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