Louisiana State Employees Retirement System Purchases Shares of 14,300 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Louisiana State Employees Retirement System acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,300 shares of the company’s stock, valued at approximately $1,852,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $26,000. ST Germain D J Co. Inc. lifted its position in shares of Royal Caribbean Cruises by 65.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $33,000. Hanseatic Management Services Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at $36,000. Finally, West Branch Capital LLC lifted its position in shares of Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RCL shares. Morgan Stanley increased their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Susquehanna increased their target price on Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their target price on Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.94.

Insiders Place Their Bets

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.3 %

Royal Caribbean Cruises stock opened at $127.64 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 company has a market capitalization of $32.76 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a one year low of $59.37 and a one year high of $141.70. The company’s fifty day moving average price is $127.97 and its two-hundred day moving average price is $115.55.

Royal Caribbean Cruises (NYSE:RCL) 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 firm had revenue of $3.33 billion for 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 business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business posted ($1.12) earnings per share. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current fiscal year.

About Royal Caribbean Cruises

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.