Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 28.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,919 shares of the company’s stock after selling 14,045 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $4,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RCL. BKM Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $33,000. Hanseatic Management Services Inc. acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth $36,000. West Branch Capital LLC lifted its position in shares of Royal Caribbean Cruises by 50.0% during 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 in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Royal Caribbean Cruises by 367.2% during the fourth quarter. Blue Trust Inc. now owns 313 shares of the company’s stock worth $41,000 after purchasing an additional 246 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. UBS Group boosted their target price on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Argus lifted their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.81.

Read Our Latest Stock Report on Royal Caribbean Cruises

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 49,155 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the completion of the transaction, the chief executive officer now owns 49,695 shares in the company, valued at $7,338,460.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Michael W. Bayley sold 49,155 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the completion of the transaction, the chief executive officer now owns 49,695 shares in the company, valued at $7,338,460.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,300 shares of company stock worth $19,037,832. Insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.3 %

RCL stock opened at $147.55 on Friday. 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 Ltd. has a 1-year low of $78.35 and a 1-year high of $150.90. The firm has a fifty day moving average price of $138.95 and a two-hundred day moving average price of $126.92. The firm has a market cap of $37.97 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 0.45 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last released its 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. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. Research analysts predict that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current year.

Royal Caribbean Cruises Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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