Campbell Capital Management Inc. Has $5.35 Million Holdings in Royal Caribbean Group (NYSE:RCL)


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Campbell Capital Management Inc. raised its holdings in Royal Caribbean Group (NYSE:RCL) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,476 shares of the company’s stock after buying an additional 5,626 shares during the quarter. Royal Caribbean Group accounts for 2.5% of Campbell Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Campbell Capital Management Inc.’s holdings in Royal Caribbean Group were worth $5,349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RCL. Norges Bank acquired a new position in Royal Caribbean Group in the fourth quarter valued at approximately $153,899,000. Morgan Stanley lifted its stake in Royal Caribbean Group by 176.2% in the fourth quarter. Morgan Stanley now owns 1,199,606 shares of the company’s stock valued at $89,597,000 after buying an additional 765,284 shares during the period. Jennison Associates LLC acquired a new position in Royal Caribbean Group in the fourth quarter valued at approximately $32,028,000. Federated Hermes Inc. lifted its stake in Royal Caribbean Group by 144.5% in the fourth quarter. Federated Hermes Inc. now owns 706,037 shares of the company’s stock valued at $52,734,000 after buying an additional 417,233 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in Royal Caribbean Group in the fourth quarter valued at approximately $29,581,000. 59.07% of the stock is currently owned by hedge funds and other institutional investors.

In other Royal Caribbean Group news, CEO Lisa Lutoff-Perlo sold 23,702 shares of the firm’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $90.00, for a total value of $2,133,180.00. Following the completion of the transaction, the chief executive officer now owns 73,391 shares in the company, valued at approximately $6,605,190. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason T. Liberty sold 34,778 shares of the firm’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $90.17, for a total value of $3,135,932.26. Following the completion of the transaction, the chief financial officer now owns 115,251 shares of the company’s stock, valued at approximately $10,392,182.67. The disclosure for this sale can be found here. 13.09% of the stock is currently owned by corporate insiders.

Shares of RCL stock traded down $1.52 on Thursday, hitting $89.52. 108,266 shares of the stock were exchanged, compared to its average volume of 5,318,665. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $22.79 billion, a PE ratio of -4.61 and a beta of 2.86. Royal Caribbean Group has a one year low of $31.41 and a one year high of $99.24. The firm’s 50 day moving average is $87.35 and its two-hundred day moving average is $74.03.

Royal Caribbean Group (NYSE:RCL) last posted its quarterly earnings results on Sunday, February 21st. The company reported ($5.02) earnings per share for the quarter, topping the consensus estimate of ($5.20) by $0.18. The company had revenue of $34.10 million during the quarter, compared to the consensus estimate of $42.86 million. Royal Caribbean Group had a negative return on equity of 25.20% and a negative net margin of 24.36%. The firm’s quarterly revenue was down 98.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 EPS. On average, sell-side analysts expect that Royal Caribbean Group will post -18.31 earnings per share for the current year.

A number of equities analysts have recently weighed in on RCL shares. Truist Securities upped their target price on Royal Caribbean Group from $48.00 to $68.00 in a research report on Monday, March 15th. Berenberg Bank lowered Royal Caribbean Group from a “hold” rating to a “sell” rating and set a $55.00 target price on the stock. in a research report on Friday, February 12th. Morgan Stanley upped their target price on Royal Caribbean Group from $35.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, January 8th. Macquarie raised Royal Caribbean Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 2nd. Finally, Truist increased their price target on Royal Caribbean Group from $48.00 to $68.00 in a research report on Monday, March 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $73.20.

Royal Caribbean Group Profile

Royal Caribbean Group operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 19 nights.

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

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