China Universal Asset Management Co. Ltd. Acquires 1,637 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

China Universal Asset Management Co. Ltd. boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 13,147 shares of the company’s stock after purchasing an additional 1,637 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Royal Caribbean Cruises were worth $2,336,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RCL. Allspring Global Investments Holdings LLC boosted its position in shares of Royal Caribbean Cruises by 7.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 260,893 shares of the company’s stock valued at $36,267,000 after buying an additional 18,780 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Royal Caribbean Cruises by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 25,595 shares of the company’s stock worth $3,557,000 after acquiring an additional 135 shares in the last quarter. Kovack Advisors Inc. raised its holdings in shares of Royal Caribbean Cruises by 36.7% in the first quarter. Kovack Advisors Inc. now owns 2,606 shares of the company’s stock valued at $362,000 after purchasing an additional 699 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Royal Caribbean Cruises by 5.2% during the first quarter. First Trust Direct Indexing L.P. now owns 7,672 shares of the company’s stock valued at $1,066,000 after purchasing an additional 379 shares in the last quarter. Finally, New Century Financial Group LLC boosted its holdings in Royal Caribbean Cruises by 10.3% during the first quarter. New Century Financial Group LLC now owns 2,490 shares of the company’s stock worth $346,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the sale, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RCL shares. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Tigress Financial upped their price objective on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.27.

Royal Caribbean Cruises Stock Up 1.3 %

RCL opened at $203.58 on Tuesday. Royal Caribbean Cruises Ltd. has a one year low of $83.25 and a one year high of $207.70. The company has a fifty day moving average price of $177.25 and a 200-day moving average price of $159.77. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The firm has a market capitalization of $52.39 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 0.58 and a beta of 2.61.

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.