Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,323 shares of the company’s stock after buying an additional 860 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Royal Caribbean Cruises were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at $33,000. Hanseatic Management Services Inc. purchased a new stake in Royal Caribbean Cruises in the 3rd quarter valued at $36,000. West Branch Capital LLC boosted its stake 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. Finally, Blue Trust Inc. grew its position in Royal Caribbean Cruises by 367.2% during the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock worth $41,000 after purchasing an additional 246 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded up $2.12 during mid-day trading on Friday, reaching $148.43. The stock had a trading volume of 1,870,512 shares, compared to its average volume of 2,394,638. The company has a market cap of $38.20 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 0.44 and a beta of 2.49. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises Ltd. has a 12-month low of $77.14 and a 12-month high of $150.90. The business has a 50-day simple moving average of $137.65 and a 200 day simple moving average of $125.41.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) earnings per share. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RCL. Bank of America increased their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Barclays increased their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Mizuho lifted their target price on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus upped 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. Finally, Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.38.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction 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 transaction, the chief executive officer now owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael W. Bayley sold 49,155 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the completion of the transaction, the chief executive officer now directly owns 49,695 shares in the company, valued at approximately $7,338,460.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,300 shares of company stock worth $19,037,832. 7.95% of the stock is owned by insiders.

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.