Bruce G. Allen Investments LLC Buys Shares of 633 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Bruce G. Allen Investments LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 633 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RCL. Capital World Investors bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $272,594,000. Norges Bank bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $100,326,000. Capital International Investors increased its stake in Royal Caribbean Cruises by 3.6% during the 2nd quarter. Capital International Investors now owns 29,671,559 shares of the company’s stock worth $3,077,810,000 after purchasing an additional 1,040,190 shares in the last quarter. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after purchasing an additional 487,327 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in Royal Caribbean Cruises by 476.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock worth $43,381,000 after purchasing an additional 389,095 shares in the last quarter. 75.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RCL has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on Royal Caribbean Cruises in a research note on Wednesday, March 13th. They set a “buy” rating and a $162.00 target price for the company. UBS Group raised their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Tigress Financial lifted their price objective on shares of Royal Caribbean Cruises from $139.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.56.

View Our Latest Stock Report on RCL

Royal Caribbean Cruises Trading Up 0.9 %

Shares of Royal Caribbean Cruises stock opened at $129.41 on Wednesday. The stock has a market cap of $33.22 billion, a PE ratio of 20.81, a PEG ratio of 0.46 and a beta of 2.51. The firm has a 50-day moving average of $123.37 and a 200-day moving average of $109.84. Royal Caribbean Cruises Ltd. has a 52-week low of $59.37 and a 52-week high of $133.77. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. Royal Caribbean Cruises’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.12) earnings per share. As a group, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 10.08 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 business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the transaction, 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 hyperlink. Insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises 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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