BI Asset Management Fondsmaeglerselskab A S Sells 4,420 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,646 shares of the company’s stock after selling 4,420 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Royal Caribbean Cruises were worth $6,067,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of RCL. Alps Advisors Inc. acquired a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at $360,000. Toroso Investments LLC boosted its holdings in shares of Royal Caribbean Cruises by 13.8% in the 3rd quarter. Toroso Investments LLC now owns 19,277 shares of the company’s stock valued at $1,776,000 after purchasing an additional 2,341 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Royal Caribbean Cruises by 19.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 25,245 shares of the company’s stock valued at $2,326,000 after purchasing an additional 4,185 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Royal Caribbean Cruises by 12.2% in the 3rd quarter. Deutsche Bank AG now owns 409,096 shares of the company’s stock valued at $37,694,000 after purchasing an additional 44,528 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at $151,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 1.2 %

Shares of NYSE RCL traded down $1.97 during midday trading on Wednesday, reaching $161.16. The stock had a trading volume of 360,496 shares, compared to its average volume of 2,505,460. The company’s 50 day moving average price is $150.15 and its 200 day moving average price is $135.45. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $164.68. The firm has a market cap of $41.47 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 0.48 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. Royal Caribbean Cruises’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) earnings per share. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current year.

Analyst Upgrades and Downgrades

RCL has been the topic of a number of research analyst reports. Barclays raised their target price on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Bank of America raised their target price on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Citigroup raised their price objective on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Mizuho raised their price objective on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.13.

Get Our Latest Research Report on RCL

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,584 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the sale, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at approximately $2,356,705.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,884 shares of company stock valued at $22,052,985. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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