Allspring Global Investments Holdings LLC raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1,188.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,113 shares of the company's stock after purchasing an additional 223,323 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of Royal Caribbean Cruises worth $31,351,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at approximately $26,000. ST Germain D J Co. Inc. lifted its holdings in shares of Royal Caribbean Cruises by 65.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company's stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Hanseatic Management Services Inc. purchased a new stake in Royal Caribbean Cruises during the 3rd quarter worth $36,000. West Branch Capital LLC boosted its position in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company's stock worth $39,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. increased its holdings in Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company's stock valued at $41,000 after purchasing an additional 246 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Royal Caribbean Cruises
In related 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 transaction, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.70% of the company's stock.
Royal Caribbean Cruises Stock Performance
RCL traded down $6.08 during trading on Friday, reaching $127.67. 3,868,021 shares of the company were exchanged, compared to its average volume of 2,560,233. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. The stock has a market cap of $32.77 billion, a P/E ratio of 20.53, a PEG ratio of 0.48 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 52 week low of $59.37 and a 52 week high of $141.70. The firm has a 50 day moving average of $127.42 and a 200 day moving average of $114.74.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The company's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.12) earnings per share. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 10.08 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on RCL. Susquehanna upped their target price 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. Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. Barclays boosted their target price on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday. Argus raised their price target 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, Macquarie lifted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, March 15th. Two equities 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.25.
Get Our Latest Stock Report on Royal Caribbean Cruises
Royal Caribbean Cruises Profile
(
Free Report)
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.
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