Great West Life Assurance Co. Can Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Great West Life Assurance Co. Can bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 94,300 shares of the company’s stock, valued at approximately $3,570,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sawtooth Solutions LLC lifted its holdings in Royal Caribbean Cruises by 2.0% during the 3rd quarter. Sawtooth Solutions LLC now owns 12,802 shares of the company’s stock worth $485,000 after buying an additional 249 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Royal Caribbean Cruises by 11.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 129,003 shares of the company’s stock worth $4,503,000 after buying an additional 13,132 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its holdings in shares of Royal Caribbean Cruises by 3.1% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 74,585 shares of the company’s stock valued at $2,603,000 after purchasing an additional 2,218 shares in the last quarter. Brinker Capital Investments LLC raised its holdings in shares of Royal Caribbean Cruises by 35.5% in the 2nd quarter. Brinker Capital Investments LLC now owns 10,800 shares of the company’s stock valued at $377,000 after purchasing an additional 2,829 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Royal Caribbean Cruises by 1.6% in the 2nd quarter. Yousif Capital Management LLC now owns 36,391 shares of the company’s stock valued at $1,270,000 after purchasing an additional 585 shares in the last quarter. 74.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RCL has been the topic of a number of analyst reports. Morgan Stanley upgraded shares of Royal Caribbean Cruises from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $40.00 to $50.00 in a report on Tuesday, January 10th. Truist Financial raised their price objective 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. UBS Group raised their price objective 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. StockNews.com upgraded shares of Royal Caribbean Cruises to a “sell” rating in a research note on Thursday, December 15th. Finally, Wells Fargo & Company lifted their price target on shares of Royal Caribbean Cruises from $63.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, November 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.46.

Royal Caribbean Cruises Trading Up 0.6 %

Shares of Royal Caribbean Cruises stock opened at $63.38 on Tuesday. Royal Caribbean Cruises Ltd. has a 1 year low of $31.09 and a 1 year high of $90.55. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.27 and a current ratio of 0.29. The company has a market capitalization of $16.17 billion, a P/E ratio of -5.36 and a beta of 2.42. The company’s fifty day moving average is $56.65 and its two-hundred day moving average is $48.19.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. Royal Caribbean Cruises had a negative net margin of 41.73% and a negative return on equity of 72.62%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3 billion. Analysts forecast that Royal Caribbean Cruises Ltd. will post -7.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Arne Alexander Wilhelmsen sold 396,990 shares of Royal Caribbean Cruises stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $60.24, for a total value of $23,914,677.60. Following the sale, the director now owns 21,166,921 shares of the company’s stock, valued at $1,275,095,321.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 1,007,968 shares of company stock valued at $60,959,468. Insiders own 9.28% of the company’s stock.

About Royal Caribbean Cruises

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

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