Louisiana State Employees Retirement System Purchases Shares of 14,300 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Louisiana State Employees Retirement System purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,300 shares of the company’s stock, valued at approximately $1,852,000.

Other hedge funds also recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $26,000. ST Germain D J Co. Inc. raised its position in shares of Royal Caribbean Cruises by 65.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth about $33,000. Hanseatic Management Services Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth about $36,000. Finally, West Branch Capital LLC raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.3 %

Shares of RCL stock opened at $127.64 on Friday. 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 twelve month low of $59.37 and a twelve month high of $141.70. The company has a market capitalization of $32.76 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52. The business’s 50 day moving average is $127.97 and its two-hundred day moving average is $115.55.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share 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 firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the previous year, the business earned ($1.12) earnings per share. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises 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 sale, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. UBS Group raised their target price on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Wells Fargo & Company raised their target price on Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Macquarie raised their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, Stifel Nicolaus raised their price target on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $136.94.

Royal Caribbean Cruises 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.