Retirement Systems of Alabama Sells 1,335 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Retirement Systems of Alabama trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 290,954 shares of the company’s stock after selling 1,335 shares during the quarter. Retirement Systems of Alabama’s holdings in Royal Caribbean Cruises were worth $37,676,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RCL. Asset Management One Co. Ltd. lifted its holdings in shares of Royal Caribbean Cruises by 2.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 104,442 shares of the company’s stock worth $9,623,000 after acquiring an additional 2,907 shares during the last quarter. Simplicity Solutions LLC increased its stake in shares of Royal Caribbean Cruises by 1.6% in the third quarter. Simplicity Solutions LLC now owns 22,764 shares of the company’s stock worth $2,097,000 after buying an additional 350 shares during the period. ST Germain D J Co. Inc. increased its stake in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the period. Accurate Wealth Management LLC increased its stake in shares of Royal Caribbean Cruises by 2.7% in the third quarter. Accurate Wealth Management LLC now owns 11,270 shares of the company’s stock worth $975,000 after buying an additional 294 shares during the period. Finally, Chevy Chase Trust Holdings LLC increased its stake in shares of Royal Caribbean Cruises by 4.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 135,474 shares of the company’s stock worth $12,483,000 after buying an additional 5,951 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RCL shares. Morgan Stanley lifted their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Macquarie lifted their target price 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. Barclays lifted their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday. Susquehanna lifted their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Friday. Finally, Wells Fargo & Company boosted their price objective on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.76.

Insider Transactions at Royal Caribbean Cruises

In other news, 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 value of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, 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 this link. In related news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the transaction, 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 own 8.70% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.1 %

NYSE:RCL opened at $140.76 on Monday. The firm’s 50-day moving average price is $130.20 and its 200-day moving average price is $117.87. The company has a market capitalization of $36.22 billion, a PE ratio of 18.12, a P/E/G ratio of 0.47 and a beta of 2.52. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1-year low of $65.10 and a 1-year high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company’s revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) EPS. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 10.8 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.