Rafferty Asset Management LLC Sells 853 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Rafferty Asset Management LLC reduced its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,269 shares of the company’s stock after selling 853 shares during the quarter. Rafferty Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $3,402,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RCL. Kestra Private Wealth Services LLC increased its holdings in shares of Royal Caribbean Cruises by 19.2% in the third quarter. Kestra Private Wealth Services LLC now owns 3,571 shares of the company’s stock valued at $329,000 after purchasing an additional 574 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Royal Caribbean Cruises by 9.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,868 shares of the company’s stock valued at $909,000 after buying an additional 833 shares during the last quarter. Spire Wealth Management raised its holdings in Royal Caribbean Cruises by 33.6% in the 3rd quarter. Spire Wealth Management now owns 2,031 shares of the company’s stock valued at $187,000 after acquiring an additional 511 shares during the period. Janney Montgomery Scott LLC lifted its position in Royal Caribbean Cruises by 119.2% during the third quarter. Janney Montgomery Scott LLC now owns 36,486 shares of the company’s stock worth $3,362,000 after acquiring an additional 19,839 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 1.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 23,498 shares of the company’s stock worth $2,165,000 after acquiring an additional 442 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RCL has been the topic of a number of recent research reports. Mizuho increased their target price on Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. UBS Group lifted their target price on Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Argus increased their target price on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.81.

View Our Latest Report on Royal Caribbean Cruises

Insider Activity

In related news, CEO Michael W. Bayley sold 24,201 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the completion of the transaction, the chief executive officer now directly owns 98,850 shares in the company, valued at approximately $13,859,758.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total value of $3,393,222.21. Following the sale, the chief executive officer now directly owns 98,850 shares in the company, valued at $13,859,758.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,300 shares of company stock worth $19,037,832. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.0 %

NYSE RCL opened at $154.61 on Friday. The business has a fifty day moving average price of $140.80 and a two-hundred day moving average price of $129.01. The stock has a market capitalization of $39.79 billion, a PE ratio of 19.92, a PEG ratio of 0.47 and a beta of 2.56. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $156.93. 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:RCLGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping 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 business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the company earned ($0.23) EPS. Royal Caribbean Cruises’s revenue for the quarter was up 29.2% on a year-over-year basis. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.08 earnings per share for the current fiscal 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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