Moloney Securities Asset Management LLC Has $289,000 Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Moloney Securities Asset Management LLC reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,082 shares of the company’s stock after selling 200 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $289,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RCL. Norges Bank bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $323,251,000. Eagle Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $79,392,000. Vanguard Group Inc. lifted its stake in shares of Royal Caribbean Cruises by 2.0% in the third quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after acquiring an additional 487,327 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth approximately $66,279,000. Finally, Junto Capital Management LP bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $47,950,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RCL shares. Susquehanna boosted their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a report on Friday, April 26th. UBS Group boosted their price objective on Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Truist Financial upped their price target on Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, June 24th. Finally, Barclays increased 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.13.

Get Our Latest Report on Royal Caribbean Cruises

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the transaction, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the sale, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the sale, the chief accounting officer now owns 16,687 shares in the company, valued at $2,356,705.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,884 shares of company stock worth $22,052,985. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.9 %

RCL stock opened at $156.78 on Monday. The firm has a market cap of $40.35 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 0.47 and a beta of 2.62. The business has a 50 day moving average of $149.33 and a 200 day moving average of $134.97. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $162.50. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.77 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 business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the company earned ($0.23) EPS. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current fiscal year.

About Royal Caribbean Cruises

(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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