Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,673 shares of the company’s stock after selling 53,078 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.06% of Royal Caribbean Cruises worth $19,122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $26,000. ST Germain D J Co. Inc. boosted its position in shares of Royal Caribbean Cruises by 65.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $33,000. Hanseatic Management Services Inc. acquired a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth about $36,000. Finally, West Branch Capital LLC boosted its position in shares of Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Up 2.2 %

RCL opened at $132.04 on Tuesday. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The business has a 50 day simple moving average of $128.51 and a 200-day simple moving average of $116.50. The stock has a market capitalization of $33.89 billion, a P/E ratio of 21.23, a P/E/G ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 12 month low of $59.37 and a 12 month high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period last year, the firm earned ($1.12) EPS. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RCL shares. Barclays boosted their target price on Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Macquarie boosted their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Morgan Stanley boosted their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Mizuho started coverage on Royal Caribbean Cruises in a report on Wednesday, April 17th. They issued a “buy” rating and a $164.00 target price for the company. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $136.94.

Insider Activity

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.70% of the company’s stock.

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, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.