Meeder Advisory Services Inc. bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 4,902 shares of the company’s stock, valued at approximately $1,556,000.
Several other institutional investors have also modified their holdings of the stock. Capital International Investors grew its holdings in shares of Royal Caribbean Cruises by 9.8% in the fourth quarter. Capital International Investors now owns 36,165,358 shares of the company’s stock valued at $10,088,156,000 after purchasing an additional 3,215,382 shares during the period. Vanguard Group Inc. raised its stake in Royal Caribbean Cruises by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 30,253,450 shares of the company’s stock worth $8,438,292,000 after purchasing an additional 187,283 shares during the period. BlackRock Inc. purchased a new position in Royal Caribbean Cruises during the second quarter worth about $6,549,422,000. Capital Research Global Investors boosted its holdings in Royal Caribbean Cruises by 4.8% in the 4th quarter. Capital Research Global Investors now owns 20,176,544 shares of the company’s stock valued at $5,627,669,000 after purchasing an additional 920,042 shares during the last quarter. Finally, State Street Corp boosted its holdings in Royal Caribbean Cruises by 0.8% in the 3rd quarter. State Street Corp now owns 10,576,751 shares of the company’s stock valued at $3,433,052,000 after purchasing an additional 84,202 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.
Royal Caribbean Cruises Trading Up 0.4%
Shares of RCL stock opened at $301.24 on Thursday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.21 and a quick ratio of 0.19. The firm has a market cap of $80.57 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a 50-day moving average of $304.47 and a two-hundred day moving average of $291.99. Royal Caribbean Cruises Ltd. has a 1-year low of $232.10 and a 1-year high of $366.50.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Zacks Research raised shares of Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 18th. Barclays reduced their price target on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. TD Cowen decreased their price objective on Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Susquehanna increased their price objective on Royal Caribbean Cruises from $350.00 to $372.00 and gave the stock a “positive” rating in a research report on Wednesday, July 29th. Finally, UBS Group reissued a “buy” rating and set a $367.00 target price on shares of Royal Caribbean Cruises in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $353.40.
Get Our Latest Stock Analysis on Royal Caribbean Cruises
Insider Buying and Selling
In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 12,811 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $315.99, for a total transaction of $4,048,147.89. Following the transaction, the chief executive officer directly owned 45,297 shares in the company, valued at $14,313,399.03. This represents a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.44% of the stock is owned by company insiders.
About Royal Caribbean Cruises
Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel?agent channels.
Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.
Featured Articles
- Five stocks we like better than Royal Caribbean Cruises
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report).
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.
