Sentry Investment Management LLC Has $159,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Sentry Investment Management LLC decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,231 shares of the company’s stock after selling 132 shares during the period. Sentry Investment Management LLC’s holdings in Royal Caribbean Cruises were worth $159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB lifted its stake in Royal Caribbean Cruises by 120.9% in the fourth quarter. Nordea Investment Management AB now owns 194,018 shares of the company’s stock valued at $25,149,000 after buying an additional 106,203 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Royal Caribbean Cruises by 1,672.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock valued at $2,440,000 after acquiring an additional 17,782 shares during the last quarter. Retireful LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $1,977,000. Bank of New York Mellon Corp boosted its stake in Royal Caribbean Cruises by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock worth $141,303,000 after acquiring an additional 10,095 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $1,120,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Up 1.1 %

Shares of RCL stock opened at $127.97 on Thursday. The firm’s fifty day moving average price is $127.83 and its two-hundred day moving average price is $115.46. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises Ltd. has a 1 year low of $59.37 and a 1 year high of $141.70. The firm has a market capitalization of $32.85 billion, a P/E ratio of 20.57, a PEG ratio of 0.46 and a beta of 2.52.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of 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. Barclays increased their price target on Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Tigress Financial raised their price target on Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. UBS Group boosted their price objective on 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 raised their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.94.

Insiders Place Their Bets

In other news, CEO Michael W. Bayley sold 11,753 shares of the 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 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 SEC, which is available at this link. Insiders own 8.70% of the company’s stock.

About Royal Caribbean Cruises

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.