Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Trimmed by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,673 shares of the company’s stock after selling 53,078 shares during the quarter. Handelsbanken Fonder AB’s holdings in Royal Caribbean Cruises were worth $19,122,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in RCL. CWM LLC grew its holdings in shares of Royal Caribbean Cruises by 8.6% during the third quarter. CWM LLC now owns 11,313 shares of the company’s stock valued at $1,042,000 after purchasing an additional 898 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $307,000. HB Wealth Management LLC grew its holdings in shares of Royal Caribbean Cruises by 161.1% during the third quarter. HB Wealth Management LLC now owns 5,704 shares of the company’s stock valued at $526,000 after purchasing an additional 3,519 shares during the last quarter. Hartford Investment Management Co. grew its holdings in shares of Royal Caribbean Cruises by 4.2% during the third quarter. Hartford Investment Management Co. now owns 16,052 shares of the company’s stock valued at $1,479,000 after purchasing an additional 644 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Royal Caribbean Cruises by 2.8% during 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 purchasing an additional 750 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Activity

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 completion of the sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on RCL shares. Mizuho initiated coverage on Royal Caribbean Cruises in a report on Wednesday, April 17th. They set a “buy” rating and a $164.00 target price for the company. Susquehanna boosted their price objective on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Barclays boosted their price objective on Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Macquarie boosted their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, Wells Fargo & Company boosted their price objective on Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.94.

Royal Caribbean Cruises Stock Performance

RCL opened at $132.04 on Tuesday. The company 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 Ltd. has a 1-year low of $59.37 and a 1-year high of $141.70. The business has a 50 day moving average price of $128.51 and a two-hundred day moving average price of $116.50.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the firm earned ($1.12) EPS. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. Research analysts predict that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current fiscal year.

Royal Caribbean Cruises Company 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.