Royal Caribbean Cruises Ltd (NYSE:RCL) Stock Holdings Decreased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board reduced its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,850 shares of the company’s stock after selling 2,450 shares during the period. New Mexico Educational Retirement Board’s holdings in Royal Caribbean Cruises were worth $349,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RCL. Victory Capital Management Inc. increased its position in shares of Royal Caribbean Cruises by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 161,666 shares of the company’s stock worth $21,584,000 after acquiring an additional 16,769 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Royal Caribbean Cruises by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 56,858 shares of the company’s stock worth $7,591,000 after acquiring an additional 1,335 shares in the last quarter. Eaton Vance Management increased its position in shares of Royal Caribbean Cruises by 4.2% in the fourth quarter. Eaton Vance Management now owns 48,335 shares of the company’s stock worth $6,453,000 after acquiring an additional 1,928 shares in the last quarter. Atria Investments LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $329,000. Finally, Atlas Private Wealth Management purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $27,000. 66.95% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Donald Thompson purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $53.24 per share, with a total value of $1,064,800.00. 13.09% of the stock is owned by insiders.

RCL has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $62.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Cfra upgraded shares of Royal Caribbean Cruises to a “hold” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $50.00 to $72.00 in a report on Thursday, June 11th. Barclays cut shares of Royal Caribbean Cruises from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $55.00 to $50.00 in a report on Wednesday, June 24th. Finally, UBS Group decreased their price target on shares of Royal Caribbean Cruises from $110.00 to $46.00 and set a “buy” rating for the company in a report on Monday, April 20th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. Royal Caribbean Cruises has a consensus rating of “Hold” and a consensus target price of $84.84.

NYSE RCL opened at $49.51 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $10.37 billion, a PE ratio of 7.33 and a beta of 2.50. The company has a 50 day moving average price of $52.67 and a two-hundred day moving average price of $74.74. Royal Caribbean Cruises Ltd has a 12-month low of $19.25 and a 12-month high of $135.32.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Wednesday, May 20th. The company reported ($1.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.85). The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. Royal Caribbean Cruises had a net margin of 1.75% and a return on equity of 12.34%. Royal Caribbean Cruises’s revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd will post -13.77 EPS for the current year.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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

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