Pacer Advisors Inc. reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 36.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 12,796 shares of the company’s stock after selling 7,332 shares during the period. Pacer Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $3,521,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Capital International Investors increased its stake in Royal Caribbean Cruises by 9.8% during the fourth quarter. Capital International Investors now owns 36,165,358 shares of the company’s stock worth $10,088,156,000 after acquiring an additional 3,215,382 shares during the last quarter. Norges Bank bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $456,752,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Royal Caribbean Cruises by 25,747.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,202,161 shares of the company’s stock valued at $335,307,000 after purchasing an additional 1,197,510 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Royal Caribbean Cruises by 4.8% in the 4th quarter. Capital Research Global Investors now owns 20,176,544 shares of the company’s stock worth $5,627,669,000 after purchasing an additional 920,042 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Royal Caribbean Cruises by 23.9% during the 4th quarter. Janus Henderson Group PLC now owns 2,416,425 shares of the company’s stock valued at $673,990,000 after purchasing an additional 465,401 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.
Royal Caribbean Cruises Price Performance
Shares of RCL stock opened at $321.38 on Friday. The stock has a 50 day moving average price of $300.19 and a 200 day moving average price of $290.95. Royal Caribbean Cruises Ltd. has a 52-week low of $232.10 and a 52-week high of $366.50. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.19 and a current ratio of 0.21. The firm has a market capitalization of $85.95 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.12 and a beta of 1.77.
Insider Activity at Royal Caribbean Cruises
In other news, CEO Michael W. Bayley sold 12,811 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the transaction, the chief executive officer directly owned 45,297 shares in the company, valued at approximately $14,313,399.03. This represents a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.44% of the company’s stock.
Analyst Upgrades and Downgrades
RCL has been the topic of several recent research reports. Morgan Stanley increased their price target on Royal Caribbean Cruises from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. TD Cowen cut their price objective on shares of Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Zacks Research raised shares of Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 18th. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $361.00 to $388.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Freedom Capital cut shares of Royal Caribbean Cruises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus target price of $353.40.
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.
Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.
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