Handelsbanken Fonder AB lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Rating) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,120 shares of the company’s stock after selling 4,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Royal Caribbean Cruises were worth $5,538,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of RCL. Capital World Investors lifted its position in shares of Royal Caribbean Cruises by 1,314.9% during the 1st quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock worth $231,152,000 after buying an additional 2,564,035 shares during the period. Capital International Investors lifted its position in shares of Royal Caribbean Cruises by 5.6% during the 1st quarter. Capital International Investors now owns 28,886,916 shares of the company’s stock worth $2,419,663,000 after buying an additional 1,524,412 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Royal Caribbean Cruises by 31.8% during the 1st quarter. Neuberger Berman Group LLC now owns 3,232,746 shares of the company’s stock worth $270,748,000 after buying an additional 779,704 shares during the period. Ariel Investments LLC lifted its position in shares of Royal Caribbean Cruises by 56.0% during the 1st quarter. Ariel Investments LLC now owns 1,022,510 shares of the company’s stock worth $85,666,000 after buying an additional 367,253 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Royal Caribbean Cruises by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 23,355,449 shares of the company’s stock worth $1,956,721,000 after buying an additional 314,385 shares during the period. Institutional investors own 74.27% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on RCL shares. StockNews.com upgraded Royal Caribbean Cruises to a “sell” rating in a research report on Thursday, December 15th. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, September 19th. Barclays lifted their price objective on Royal Caribbean Cruises from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. UBS Group lifted their price objective on Royal Caribbean Cruises from $56.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, November 14th. Finally, Tigress Financial reiterated a “buy” rating and issued a $80.00 price objective on shares of Royal Caribbean Cruises in a research report on Friday, October 21st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $67.85.
Royal Caribbean Cruises Stock Performance
Royal Caribbean Cruises (NYSE:RCL – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3 billion. Royal Caribbean Cruises had a negative return on equity of 72.62% and a negative net margin of 41.73%. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post -7.72 earnings per share for the current fiscal year.
Insider Activity at Royal Caribbean Cruises
In related news, Director Arne Alexander Wilhelmsen sold 522,289 shares of the company’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $61.23, for a total value of $31,979,755.47. Following the completion of the sale, the director now owns 21,962,609 shares in the company, valued at $1,344,770,549.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 1,007,968 shares of company stock worth $60,959,468. 9.28% of the stock is owned by insiders.
Royal Caribbean Cruises Profile
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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