Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Lifted by abrdn plc

abrdn plc raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 69.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,902 shares of the company’s stock after purchasing an additional 47,080 shares during the period. abrdn plc’s holdings in Royal Caribbean Cruises were worth $14,879,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in Royal Caribbean Cruises by 2.8% in the third quarter. State of Alaska Department of Revenue now owns 28,010 shares of the company’s stock valued at $2,580,000 after acquiring an additional 750 shares during the last quarter. Oak Thistle LLC bought a new stake in Royal Caribbean Cruises in the third quarter worth $688,000. Czech National Bank raised its holdings in Royal Caribbean Cruises by 58.2% during the third quarter. Czech National Bank now owns 41,191 shares of the company’s stock valued at $3,795,000 after buying an additional 15,158 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Royal Caribbean Cruises by 2.9% in the third quarter. Asset Management One Co. Ltd. now owns 104,442 shares of the company’s stock worth $9,623,000 after buying an additional 2,907 shares during the last quarter. Finally, Simplicity Solutions LLC increased its holdings in shares of Royal Caribbean Cruises by 1.6% during the 3rd quarter. Simplicity Solutions LLC now owns 22,764 shares of the company’s stock valued at $2,097,000 after acquiring an additional 350 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Up 0.0 %

NYSE RCL opened at $136.68 on Thursday. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52 week low of $59.37 and a 52 week high of $141.70. The stock has a market capitalization of $35.08 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. The stock has a fifty day moving average of $129.31 and a 200-day moving average of $116.96.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the previous year, the business posted ($1.12) EPS. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 9.99 EPS for the current year.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Barclays raised their target price on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Mizuho assumed coverage on Royal Caribbean Cruises in a research report on Wednesday, April 17th. They set a “buy” rating and a $164.00 price objective for the company. Finally, Macquarie raised their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $136.94.

Insiders Place Their Bets

In related news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises 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 completion of the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.70% of the company’s stock.

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.