Russell Investments Group Ltd. Grows Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Russell Investments Group Ltd. grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 146.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,106 shares of the company’s stock after buying an additional 57,744 shares during the period. Russell Investments Group Ltd.’s holdings in Royal Caribbean Cruises were worth $12,575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $33,000. Hanseatic Management Services Inc. bought a new position in Royal Caribbean Cruises in the third quarter worth about $36,000. West Branch Capital LLC lifted its holdings in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. boosted its position in Royal Caribbean Cruises by 367.2% during the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock valued at $41,000 after acquiring an additional 246 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Insider Activity

In related news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares in the company, valued at $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the sale, the chief accounting officer now owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Insiders sold 71,697 shares of company stock valued at $9,749,357 over the last three months. Insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RCL shares. Morgan Stanley increased their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Mizuho boosted their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a report on Friday, April 26th. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.71.

Royal Caribbean Cruises Stock Up 0.6 %

Royal Caribbean Cruises stock opened at $138.21 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $70.58 and a 12 month high of $143.62. The stock has a fifty day simple moving average of $132.31 and a two-hundred day simple moving average of $119.25. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The firm has a market cap of $35.57 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.45 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm posted ($0.23) earnings per share. Royal Caribbean Cruises’s revenue was up 29.2% compared to the same quarter last year. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current fiscal year.

Royal Caribbean Cruises Company 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.