The Manufacturers Life Insurance Company Has $21.26 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

The Manufacturers Life Insurance Company lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,160 shares of the company’s stock after acquiring an additional 878 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Royal Caribbean Cruises worth $21,257,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. West Branch Capital LLC raised its position in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in Royal Caribbean Cruises by 24.6% during the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after acquiring an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Royal Caribbean Cruises by 14.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock worth $119,000 after acquiring an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Royal Caribbean Cruises by 2.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock valued at $584,000 after acquiring an additional 128 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Royal Caribbean Cruises by 5.8% in the fourth quarter. Lindbrook Capital LLC now owns 2,426 shares of the company’s stock worth $314,000 after acquiring an additional 133 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 49,155 shares of the business’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 sale, the chief executive officer now directly owns 49,695 shares of the company’s stock, valued at approximately $7,338,460.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were 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 of the company’s stock, valued at $21,365,763.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael W. Bayley sold 49,155 shares of Royal Caribbean Cruises 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 directly owns 49,695 shares of the company’s stock, valued at approximately $7,338,460.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,300 shares of company stock valued at $19,037,832. Corporate insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on RCL. Argus increased their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Macquarie upped their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Mizuho lifted their price objective on Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Barclays boosted their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.81.

Get Our Latest Report on RCL

Royal Caribbean Cruises Stock Up 0.0 %

RCL stock opened at $154.57 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. The stock has a market capitalization of $39.78 billion, a P/E ratio of 19.92, a P/E/G 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 business has a 50-day moving average of $140.80 and a 200-day moving average of $129.18.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share 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 during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm posted ($0.23) EPS. The business’s revenue was up 29.2% on a year-over-year basis. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.08 earnings per share for the current fiscal year.

Royal Caribbean Cruises Company 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.

Read More

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

Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.