Cwm LLC Lowers Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Cwm LLC lessened its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,047 shares of the company’s stock after selling 266 shares during the quarter. Cwm LLC’s holdings in Royal Caribbean Cruises were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Nordea Investment Management AB raised its position in Royal Caribbean Cruises by 120.9% in the 4th quarter. Nordea Investment Management AB now owns 194,018 shares of the company’s stock worth $25,149,000 after buying an additional 106,203 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Royal Caribbean Cruises by 1,672.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock worth $2,440,000 after buying an additional 17,782 shares during the last quarter. Retireful LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth about $1,977,000. Bank of New York Mellon Corp raised its position in Royal Caribbean Cruises by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock worth $141,303,000 after buying an additional 10,095 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $1,120,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 2.3 %

Shares of RCL opened at $140.58 on Friday. The stock has a market capitalization of $36.08 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 1 year low of $59.38 and a 1 year high of $141.70. The business’s 50 day simple moving average is $130.20 and its 200-day simple moving average is $117.47. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the firm posted ($0.23) EPS. Royal Caribbean Cruises’s quarterly revenue was up 29.2% compared to the same quarter last year. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 10.8 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction 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 sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of the 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 sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RCL has been the subject of several research reports. UBS Group upped their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Morgan Stanley boosted their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Macquarie upped their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.76.

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.