Fisher Asset Management LLC Lowers Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Fisher Asset Management LLC decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,182 shares of the company’s stock after selling 1,031 shares during the quarter. Fisher Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $671,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter valued at approximately $33,000. Hanseatic Management Services Inc. acquired a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $36,000. West Branch Capital LLC lifted its position in 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 during the period. Finally, Blue Trust Inc. grew its stake in shares of Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock valued at $41,000 after purchasing an additional 246 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the transaction, the chief executive officer now owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were 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 directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now 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 a total of 71,697 shares of company stock valued at $9,749,357 in the last ninety days. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RCL shares. Barclays increased their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Wells Fargo & Company lifted their target price on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Macquarie lifted their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.13.

Royal Caribbean Cruises Stock Up 0.1 %

Shares of Royal Caribbean Cruises stock opened at $141.77 on Friday. The company has a fifty day moving average price of $133.54 and a 200 day moving average price of $120.74. The stock has a market cap of $36.48 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 0.41 and a beta of 2.49. Royal Caribbean Cruises Ltd. has a twelve month low of $73.93 and a twelve month high of $143.93. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54.

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