Retireful LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Retireful LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,269 shares of the company's stock, valued at approximately $1,977,000.

A number of other large investors also recently bought and sold shares of the company. Nordea Investment Management AB grew its stake in shares of Royal Caribbean Cruises by 120.9% during the 4th quarter. Nordea Investment Management AB now owns 194,018 shares of the company's stock worth $25,149,000 after purchasing an additional 106,203 shares during the period. Bank of New York Mellon Corp grew its stake in Royal Caribbean Cruises by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company's stock valued at $141,303,000 after acquiring an additional 10,095 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $1,120,000. Wedmont Private Capital grew its stake in Royal Caribbean Cruises by 6.2% in the 4th quarter. Wedmont Private Capital now owns 5,846 shares of the company's stock valued at $726,000 after acquiring an additional 341 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in Royal Caribbean Cruises by 52.7% in the 3rd quarter. National Bank of Canada FI now owns 169,500 shares of the company's stock valued at $15,535,000 after acquiring an additional 58,481 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now owns 166,537 shares of the company's stock, valued at $19,319,957.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.70% of the company's stock.

Royal Caribbean Cruises Stock Up 0.7 %

NYSE:RCL traded up $0.98 during trading hours on Friday, hitting $136.02. The stock had a trading volume of 1,914,300 shares, compared to its average volume of 2,553,263. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises Ltd. has a 1-year low of $59.37 and a 1-year high of $141.70. The business has a 50 day simple moving average of $126.78 and a two-hundred day simple moving average of $113.23. The company has a market cap of $34.91 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 0.49 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the company earned ($1.12) earnings per share. Royal Caribbean Cruises's revenue for the quarter was up 28.0% on a year-over-year basis. Analysts predict that Royal Caribbean Cruises Ltd. will post 10.08 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on RCL shares. Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. UBS Group upped their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a "buy" rating in a report on Friday, February 16th. Argus upped their target price on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a "buy" rating in a report on Thursday, December 21st. Finally, Morgan Stanley upped their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.56.

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.