Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 8.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,240 shares of the company’s stock after selling 2,322 shares during the quarter. Scotia Capital Inc.’s holdings in Royal Caribbean Cruises were worth $2,418,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Capital World Investors acquired a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $272,594,000. Norges Bank acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $100,326,000. Capital International Investors raised its holdings in Royal Caribbean Cruises by 3.6% in the second quarter. Capital International Investors now owns 29,671,559 shares of the company’s stock valued at $3,077,810,000 after acquiring an additional 1,040,190 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Royal Caribbean Cruises by 476.1% in the third quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock valued at $43,381,000 after acquiring an additional 389,095 shares in the last quarter. Finally, Ariel Investments LLC raised its holdings in Royal Caribbean Cruises by 56.0% in the first quarter. Ariel Investments LLC now owns 1,022,510 shares of the company’s stock valued at $85,666,000 after acquiring an additional 367,253 shares in the last quarter. Institutional investors and hedge funds own 75.64% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $124.33 on Friday. The firm’s fifty day moving average price is $122.44 and its 200 day moving average price is $108.05. Royal Caribbean Cruises Ltd. has a 1-year low of $59.37 and a 1-year high of $133.77. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a market cap of $31.91 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 0.46 and a beta of 2.51.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the firm posted ($1.12) EPS. Royal Caribbean Cruises’s quarterly revenue was up 28.0% on a year-over-year basis. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 10.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RCL shares. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Truist Financial reissued a “buy” rating and set a $134.00 price objective on shares of Royal Caribbean Cruises in a report on Monday, December 4th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus target price of $130.79.

Check Out Our Latest Research Report on Royal Caribbean Cruises

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 284,766 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $121.73, for a total transaction of $34,664,565.18. Following the completion of the transaction, the director now directly owns 19,167,507 shares of the company’s stock, valued at approximately $2,333,260,627.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 611,753 shares of company stock valued at $73,916,005. 8.70% of the stock is owned by company insiders.

About Royal Caribbean Cruises

(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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