abrdn plc Boosts Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

abrdn plc lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 69.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,902 shares of the company’s stock after acquiring an additional 47,080 shares during the period. abrdn plc’s holdings in Royal Caribbean Cruises were worth $14,879,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Royal Caribbean Cruises by 2.0% during the third quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock valued at $2,295,891,000 after buying an additional 487,327 shares during the period. Northern Trust Corp boosted its stake in Royal Caribbean Cruises by 6.8% during the third quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock worth $215,208,000 after acquiring an additional 148,532 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Royal Caribbean Cruises by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock worth $141,303,000 after purchasing an additional 10,095 shares during the period. Federated Hermes Inc. increased its stake in shares of Royal Caribbean Cruises by 15.4% during the fourth quarter. Federated Hermes Inc. now owns 639,348 shares of the company’s stock valued at $82,789,000 after purchasing an additional 85,545 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Royal Caribbean Cruises by 2.4% during the third quarter. Fiera Capital Corp now owns 497,416 shares of the company’s stock valued at $45,832,000 after purchasing an additional 11,742 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL opened at $136.68 on Thursday. The company’s 50 day moving average is $129.31 and its 200 day moving average is $116.96. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. The company has a market cap of $35.08 billion, a price-to-earnings ratio of 21.97, a PEG 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 $141.70.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the firm posted ($1.12) EPS. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 9.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RCL shares. Susquehanna raised their price objective 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. UBS Group raised their price target on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 16th. Mizuho began coverage on shares of Royal Caribbean Cruises in a research note on Wednesday, April 17th. They issued a “buy” rating and a $164.00 price target on the stock. Barclays raised their price objective on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $136.94.

Insider Transactions at Royal Caribbean Cruises

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 transaction, the chief executive officer now directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.70% of the company’s stock.

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.