Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,701 shares of the company’s stock after selling 1,163 shares during the period. Amalgamated Bank’s holdings in Royal Caribbean Cruises were worth $8,460,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RCL. Blair William & Co. IL lifted its position in Royal Caribbean Cruises by 37.4% in the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after purchasing an additional 27,819 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Royal Caribbean Cruises by 2.6% during the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after buying an additional 7,298 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after buying an additional 5,655 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter worth approximately $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Royal Caribbean Cruises by 8.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company’s stock valued at $6,310,000 after acquiring an additional 2,640 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RCL has been the subject of several recent analyst reports. Mizuho increased their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Macquarie upped their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, The Goldman Sachs Group upped their target price on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Royal Caribbean Cruises Trading Up 7.6 %

NYSE:RCL opened at $226.71 on Thursday. The stock has a fifty day simple moving average of $183.91 and a 200 day simple moving average of $163.56. The firm has a market capitalization of $60.96 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 0.54 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1-year low of $90.00 and a 1-year high of $227.12. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the company posted $3.85 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at $2,077,593.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,596 shares of company stock worth $8,090,059. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Company 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.