Range Financial Group LLC Has $2.06 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Range Financial Group LLC boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,882 shares of the company’s stock after buying an additional 648 shares during the period. Royal Caribbean Cruises makes up 1.2% of Range Financial Group LLC’s portfolio, making the stock its 16th largest holding. Range Financial Group LLC’s holdings in Royal Caribbean Cruises were worth $2,057,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Panagora Asset Management Inc. lifted its holdings in shares of Royal Caribbean Cruises by 21.8% during the 1st quarter. Panagora Asset Management Inc. now owns 11,553 shares of the company’s stock worth $968,000 after acquiring an additional 2,068 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Royal Caribbean Cruises by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,004 shares of the company’s stock valued at $2,514,000 after purchasing an additional 1,861 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Royal Caribbean Cruises by 2.3% in the 1st quarter. Yousif Capital Management LLC now owns 35,806 shares of the company’s stock valued at $3,000,000 after purchasing an additional 818 shares during the last quarter. Aviva PLC lifted its stake in Royal Caribbean Cruises by 65.5% in the 1st quarter. Aviva PLC now owns 54,096 shares of the company’s stock valued at $4,532,000 after purchasing an additional 21,415 shares during the last quarter. Finally, Prudential PLC bought a new position in Royal Caribbean Cruises in the 1st quarter valued at approximately $300,000. Institutional investors and hedge funds own 75.64% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.8 %

Royal Caribbean Cruises stock opened at $130.00 on Monday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $133.77. The stock has a market cap of $33.37 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.48 and a beta of 2.51. The firm’s 50-day simple moving average is $123.17 and its 200 day simple moving average is $109.41. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last released its quarterly earnings results 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. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the previous year, the company earned ($1.12) earnings per share. The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. Research analysts predict that Royal Caribbean Cruises Ltd. will post 10.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RCL has been the subject of several recent research reports. Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. The Goldman Sachs Group initiated coverage on shares of Royal Caribbean Cruises in a research report on Wednesday, March 13th. They issued a “buy” rating and a $162.00 price target for the company. Citigroup restated a “buy” rating and issued a $127.00 price target on shares of Royal Caribbean Cruises in a research report on Tuesday, November 21st. Truist Financial reiterated a “buy” rating and set a $134.00 price objective on shares of Royal Caribbean Cruises in a research report on Monday, December 4th. Finally, Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $132.87.

Get 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 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 transaction, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Company 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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