Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 146.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,106 shares of the company’s stock after buying an additional 57,744 shares during the period. Russell Investments Group Ltd.’s holdings in Royal Caribbean Cruises were worth $12,575,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in shares of Royal Caribbean Cruises by 120.9% in the fourth quarter. Nordea Investment Management AB now owns 194,018 shares of the company’s stock valued at $25,149,000 after acquiring an additional 106,203 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings 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 valued at $2,440,000 after purchasing an additional 17,782 shares in the last quarter. Retireful LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $1,977,000. Bank of New York Mellon Corp raised its stake in shares of Royal Caribbean Cruises by 0.7% during 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 in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $1,120,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RCL shares. Bank of America upped their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus increased their price target on shares of 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 boosted their price objective on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Finally, Susquehanna boosted their price target on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $141.71.

Insider Activity

In related news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at $2,356,705.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at approximately $2,356,705.01. The disclosure for this sale can be found here. Insiders sold 71,697 shares of company stock valued at $9,749,357 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $138.21 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $70.58 and a 1-year high of $143.62. The firm has a 50 day simple moving average of $132.31 and a 200-day simple moving average of $119.25. The firm has a market cap of $35.57 billion, a PE ratio of 17.81, a P/E/G ratio of 0.45 and a beta of 2.49. 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 issued its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company earned ($0.23) EPS. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.15 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.