Mackenzie Financial Corp Has $23.12 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mackenzie Financial Corp decreased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 17.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,565 shares of the company’s stock after selling 37,337 shares during the period. Mackenzie Financial Corp’s holdings in Royal Caribbean Cruises were worth $23,122,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB grew its position in shares of Royal Caribbean Cruises by 120.9% during the 4th quarter. Nordea Investment Management AB now owns 194,018 shares of the company’s stock worth $25,149,000 after buying an additional 106,203 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Royal Caribbean Cruises by 1,672.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock worth $2,440,000 after buying an additional 17,782 shares during the period. Retireful LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at $1,977,000. Bank of New York Mellon Corp grew its position in Royal Caribbean Cruises by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock valued at $141,303,000 after purchasing an additional 10,095 shares during the period. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at $1,120,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

RCL has been the subject of several research reports. Mizuho initiated coverage on shares of Royal Caribbean Cruises in a research report on Wednesday. They issued a “buy” rating and a $164.00 price target for the company. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Wells Fargo & Company lifted 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. Finally, Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.94.

View Our Latest Stock Analysis on RCL

Royal Caribbean Cruises Trading Up 1.1 %

NYSE RCL opened at $127.97 on Thursday. 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 business’s fifty day moving average is $127.83 and its 200-day moving average is $115.46. The stock has a market capitalization of $32.85 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a one year low of $59.37 and a one year high of $141.70.

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, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. Royal Caribbean Cruises’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.12) earnings per share. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction that occurred 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 can be accessed through this link. 8.70% of the stock is owned by insiders.

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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