Cerity Partners LLC Has $1.74 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Cerity Partners LLC boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 32.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,430 shares of the company’s stock after purchasing an additional 3,280 shares during the quarter. Cerity Partners LLC’s holdings in Royal Caribbean Cruises were worth $1,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $26,000. ST Germain D J Co. Inc. boosted its holdings in Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $33,000. Hanseatic Management Services Inc. purchased a new stake in shares of Royal Caribbean Cruises in the third quarter worth approximately $36,000. Finally, West Branch Capital LLC raised its stake in shares of Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RCL. 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 research report on Wednesday, February 7th. Susquehanna increased their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Macquarie increased their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Wells Fargo & Company increased their price target on Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Finally, UBS Group increased their price target on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.94.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $129.21 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $59.37 and a one year high of $141.70. The business has a fifty day moving average price of $128.21 and a 200-day moving average price of $115.81. 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 market capitalization of $33.17 billion, a P/E ratio of 20.77, a PEG ratio of 0.46 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the company earned ($1.12) earnings per share. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current year.

Royal Caribbean Cruises Company Profile

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.