Royal Caribbean Cruises Ltd. (NYSE:RCL) Stake Raised by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.9% during the fourth quarter, HoldingsChannel reports. The firm owned 4,510 shares of the company’s stock after acquiring an additional 128 shares during the period. J.W. Cole Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $584,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RCL. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after purchasing an additional 487,327 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in Royal Caribbean Cruises by 476.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock valued at $43,381,000 after acquiring an additional 389,095 shares in the last quarter. Retirement Systems of Alabama grew its stake in Royal Caribbean Cruises by 484.7% during the 3rd quarter. Retirement Systems of Alabama now owns 292,289 shares of the company’s stock valued at $26,932,000 after acquiring an additional 242,302 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Royal Caribbean Cruises by 1,188.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 242,113 shares of the company’s stock valued at $31,351,000 after acquiring an additional 223,323 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at about $25,487,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of several research analyst reports. Barclays lifted their target price on Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Macquarie lifted their target price 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 initiated coverage on Royal Caribbean Cruises in a research note on Wednesday, April 17th. They set a “buy” rating and a $164.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, Susquehanna boosted their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.94.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $132.04 on Tuesday. The business’s fifty day moving average price is $128.51 and its two-hundred day moving average price is $116.50. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $141.70. The stock has a market capitalization of $33.89 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.12) earnings per share. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current fiscal year.

Royal Caribbean Cruises Profile

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.