Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,167 shares of the company’s stock after selling 6,625 shares during the period. State of Tennessee Treasury Department owned 0.05% of Royal Caribbean Cruises worth $17,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in RCL. West Branch Capital LLC grew 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 purchasing an additional 100 shares during the period. Toth Financial Advisory Corp grew its position in Royal Caribbean Cruises by 24.6% during the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after purchasing an additional 100 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Royal Caribbean Cruises by 14.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock worth $119,000 after purchasing an additional 115 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of Royal Caribbean Cruises by 2.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock valued at $584,000 after acquiring an additional 128 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of Royal Caribbean Cruises by 5.8% during the 4th quarter. Lindbrook Capital LLC now owns 2,426 shares of the company’s stock valued at $314,000 after acquiring an additional 133 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the sale, the chief executive officer now owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises 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 completion of the sale, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the completion of the sale, the chief executive officer now owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,300 shares of company stock valued at $19,037,832. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Trading Up 0.5 %

RCL opened at $155.40 on Tuesday. The firm has a market capitalization of $39.99 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 0.47 and a beta of 2.56. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The company’s 50 day simple moving average is $141.09 and its two-hundred day simple moving average is $129.71. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $156.93.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. The firm 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 revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.23) EPS. Analysts expect that Royal Caribbean Cruises Ltd. will post 11.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RCL has been the topic of a number of analyst reports. Barclays raised their target price on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Macquarie raised their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Bank of America raised their price target on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Argus raised their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.81.

Get Our Latest Stock Report on Royal Caribbean Cruises

About Royal Caribbean Cruises

(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.

Further Reading

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

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