Kentucky Retirement Systems Sells 1,342 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kentucky Retirement Systems decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 16,499 shares of the company’s stock after selling 1,342 shares during the period. Kentucky Retirement Systems’ holdings in Royal Caribbean Cruises were worth $2,926,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RCL. Capital International Investors raised its holdings in shares of Royal Caribbean Cruises by 1.0% in the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after purchasing an additional 286,868 shares during the period. Dimensional Fund Advisors LP boosted its position in Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after purchasing an additional 400,565 shares during the period. D1 Capital Partners L.P. increased its holdings in shares of Royal Caribbean Cruises by 105.7% in the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after purchasing an additional 777,103 shares during the last quarter. Capital International Inc. CA boosted its holdings in shares of Royal Caribbean Cruises by 3.3% during the 1st quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock worth $83,672,000 after buying an additional 19,065 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Royal Caribbean Cruises by 0.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock valued at $90,969,000 after acquiring an additional 1,865 shares during the period. Institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

RCL has been the topic of several research reports. Barclays upped their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Bank of America raised their target price on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Royal Caribbean Cruises Stock Down 0.7 %

NYSE:RCL opened at $231.49 on Monday. Royal Caribbean Cruises Ltd. has a one year low of $101.04 and a one year high of $238.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market cap of $62.24 billion, a PE ratio of 23.79, a P/E/G ratio of 0.61 and a beta of 2.59. The firm’s 50 day simple moving average is $193.66 and its 200 day simple moving average is $168.33.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. Royal Caribbean Cruises’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.85 earnings per share. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,796 shares of company stock worth $7,170,759 over the last ninety days. 7.95% of the stock is owned by insiders.

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.