Comerica Bank raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Rating) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,673 shares of the company’s stock after buying an additional 753 shares during the period. Comerica Bank’s holdings in Royal Caribbean Cruises were worth $1,426,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC increased its holdings in shares of Royal Caribbean Cruises by 87.3% in the 2nd quarter. Bogart Wealth LLC now owns 708 shares of the company’s stock worth $25,000 after buying an additional 330 shares during the last quarter. Riverview Trust Co bought a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth $34,000. PSI Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 56.3% in the 2nd quarter. PSI Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after buying an additional 450 shares during the last quarter. Heritage Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth $44,000. Finally, Field & Main Bank bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at $45,000. Institutional investors own 74.27% of the company’s stock.
Royal Caribbean Cruises Trading Up 3.6 %
NYSE:RCL opened at $62.99 on Monday. The company has a 50-day moving average price of $56.54 and a 200-day moving average price of $47.99. Royal Caribbean Cruises Ltd. has a 12 month low of $31.09 and a 12 month high of $90.55. The company has a current ratio of 0.29, a quick ratio of 0.27 and a debt-to-equity ratio of 6.05. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of -5.32 and a beta of 2.42.
Analyst Ratings Changes
Several research firms recently commented on RCL. Barclays increased their target price on shares of Royal Caribbean Cruises from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Royal Caribbean Cruises from $48.00 to $62.00 in a report on Friday. UBS Group increased their target price on shares of Royal Caribbean Cruises from $76.00 to $82.00 and gave the company a “buy” rating in a report on Monday, January 9th. Truist Financial increased their target price on shares of Royal Caribbean Cruises from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 22nd. Finally, Morgan Stanley raised shares of Royal Caribbean Cruises from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $40.00 to $50.00 in a report on Tuesday, January 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.46.
Insider Transactions at Royal Caribbean Cruises
In other news, Director Arne Alexander Wilhelmsen sold 78,927 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $57.00, for a total value of $4,498,839.00. Following the completion of the sale, the director now directly owns 21,078,232 shares of the company’s stock, valued at approximately $1,201,459,224. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 1,007,968 shares of company stock valued at $60,959,468. Company insiders own 9.28% of the company’s stock.
Royal Caribbean Cruises Profile
Royal Caribbean Group operates a fleet of cruise ships. It also operates as a global cruise company, which controls and operates the following global cruise brands: Royal Caribbean International, Celebrity Cruises, Silversea Cruises, and Hapag-Lloyd Cruises. The firm also holds interest in TUI Cruises, Pullmantur, and SkySea Cruises brands.
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