Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,231 shares of the company’s stock after selling 619 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Royal Caribbean Cruises were worth $1,192,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. First Command Bank grew its holdings in Royal Caribbean Cruises by 24.1% during the first quarter. First Command Bank now owns 772 shares of the company’s stock worth $65,000 after acquiring an additional 150 shares during the period. Quadrant Capital Group LLC grew its holdings in Royal Caribbean Cruises by 14.8% during the first quarter. Quadrant Capital Group LLC now owns 1,170 shares of the company’s stock worth $98,000 after acquiring an additional 151 shares during the period. Samalin Investment Counsel LLC grew its holdings in Royal Caribbean Cruises by 4.1% during the fourth quarter. Samalin Investment Counsel LLC now owns 4,605 shares of the company’s stock worth $354,000 after acquiring an additional 180 shares during the period. Gilbert & Cook Inc. grew its holdings in Royal Caribbean Cruises by 4.2% during the first quarter. Gilbert & Cook Inc. now owns 4,610 shares of the company’s stock worth $386,000 after acquiring an additional 185 shares during the period. Finally, Loomis Sayles & Co. L P grew its holdings in Royal Caribbean Cruises by 4.0% during the first quarter. Loomis Sayles & Co. L P now owns 5,077 shares of the company’s stock worth $425,000 after acquiring an additional 196 shares during the period. 67.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on RCL. Morgan Stanley lowered their target price on Royal Caribbean Cruises from $54.00 to $40.00 and set an “underweight” rating on the stock in a report on Friday, July 29th. Susquehanna decreased their price target on Royal Caribbean Cruises from $70.00 to $50.00 in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft decreased their price target on Royal Caribbean Cruises from $50.00 to $48.00 in a research report on Friday, July 29th. Barclays increased their price target on Royal Caribbean Cruises from $55.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.00.

Royal Caribbean Cruises Trading Up 0.5 %

Shares of NYSE RCL opened at $47.00 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $31.09 and a one year high of $98.27. The firm has a market capitalization of $11.99 billion, a PE ratio of -2.68 and a beta of 2.41. The company has a current ratio of 0.30, a quick ratio of 0.28 and a debt-to-equity ratio of 5.22. The business has a 50-day moving average price of $41.31 and a two-hundred day moving average price of $54.58.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($2.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.23) by $0.15. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.10 billion. Royal Caribbean Cruises had a negative return on equity of 87.89% and a negative net margin of 95.46%. The firm’s revenue was up 4190.1% on a year-over-year basis. During the same period in the previous year, the company earned ($5.06) EPS. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post -7.04 earnings per share for the current fiscal year.

Royal Caribbean Cruises Profile

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Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships.

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

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