Pacer Advisors Inc. Sells 44,242 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Pacer Advisors Inc. decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,658 shares of the company's stock after selling 44,242 shares during the quarter. Pacer Advisors Inc.'s holdings in Royal Caribbean Cruises were worth $5,265,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Capital World Investors lifted its holdings in Royal Caribbean Cruises by 1,314.9% during the 1st quarter. Capital World Investors now owns 2,759,035 shares of the company's stock worth $231,152,000 after buying an additional 2,564,035 shares during the period. Norges Bank acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $100,326,000. Vanguard Group Inc. lifted its holdings in Royal Caribbean Cruises by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company's stock worth $2,295,891,000 after buying an additional 487,327 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in Royal Caribbean Cruises by 476.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company's stock worth $43,381,000 after buying an additional 389,095 shares during the period. Finally, Ariel Investments LLC lifted its holdings in Royal Caribbean Cruises by 56.0% during the 1st quarter. Ariel Investments LLC now owns 1,022,510 shares of the company's stock worth $85,666,000 after buying an additional 367,253 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Insiders Place Their Bets

In other news, CEO Michael W. Bayley sold 11,753 shares of the business's 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 transaction, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

RCL has been the subject of several research analyst reports. Argus lifted their price objective on Royal Caribbean Cruises from $95.00 to $142.00 and gave the stock a "buy" rating in a research report on Thursday, December 21st. Macquarie lifted their price objective 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. Susquehanna lifted their price objective on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a "positive" rating in a research report on Wednesday, January 31st. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Finally, UBS Group lifted their price objective 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. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and an average target price of $134.56.

Royal Caribbean Cruises Stock Down 0.5 %

RCL traded down $0.71 during midday trading on Friday, reaching $139.01. 2,770,183 shares of the company were exchanged, compared to its average volume of 2,423,593. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19. The company's fifty day moving average price is $125.36 and its 200 day moving average price is $111.57. The company has a market cap of $35.68 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 0.50 and a beta of 2.51. Royal Caribbean Cruises Ltd. has a one year low of $59.37 and a one year high of $141.62.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.12. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the company posted ($1.12) EPS. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 10.08 EPS for the current year.

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.