Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Position Reduced by Strs Ohio

Strs Ohio lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,854 shares of the company’s stock after selling 464 shares during the period. Strs Ohio’s holdings in Royal Caribbean Cruises were worth $12,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lecap Asset Management Ltd. acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $558,000. Louisiana State Employees Retirement System acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $1,852,000. Simplicity Solutions LLC raised its position in shares of Royal Caribbean Cruises by 0.9% during the 4th quarter. Simplicity Solutions LLC now owns 22,961 shares of the company’s stock worth $2,973,000 after purchasing an additional 197 shares during the period. NewEdge Wealth LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $1,286,000. Finally, Ellis Investment Partners LLC raised its position in shares of Royal Caribbean Cruises by 10.8% during the 4th quarter. Ellis Investment Partners LLC now owns 5,901 shares of the company’s stock worth $764,000 after purchasing an additional 577 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RCL shares. Macquarie increased their price target 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. Wells Fargo & Company raised their target price on Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Barclays raised their target price on Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley raised their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $135.25.

Royal Caribbean Cruises Stock Performance

RCL opened at $126.63 on Wednesday. The firm has a market cap of $32.50 billion, a PE ratio of 20.36, a P/E/G ratio of 0.46 and a beta of 2.52. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The business has a fifty day simple moving average of $127.66 and a 200-day simple moving average of $115.37. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last released 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. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company’s revenue was up 28.0% compared to the same quarter last year. During the same period last year, the company posted ($1.12) EPS. As a group, equities analysts predict that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now 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 is accessible through this link. Corporate 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.