Mirae Asset Global Investments Co. Ltd. Sells 8,311 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,148 shares of the company's stock after selling 8,311 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Royal Caribbean Cruises were worth $4,033,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RCL. Panagora Asset Management Inc. lifted its position in Royal Caribbean Cruises by 21.8% during the 1st quarter. Panagora Asset Management Inc. now owns 11,553 shares of the company's stock worth $968,000 after acquiring an additional 2,068 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Royal Caribbean Cruises by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,004 shares of the company's stock valued at $2,514,000 after purchasing an additional 1,861 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Royal Caribbean Cruises by 2.3% in the 1st quarter. Yousif Capital Management LLC now owns 35,806 shares of the company's stock valued at $3,000,000 after acquiring an additional 818 shares during the last quarter. Aviva PLC increased its holdings in shares of Royal Caribbean Cruises by 65.5% in the 1st quarter. Aviva PLC now owns 54,096 shares of the company's stock valued at $4,532,000 after acquiring an additional 21,415 shares during the last quarter. Finally, Prudential PLC bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $300,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Up 1.1 %

Shares of RCL traded up $1.37 during midday trading on Wednesday, reaching $127.97. 2,295,524 shares of the stock were exchanged, compared to its average volume of 2,746,736. Royal Caribbean Cruises Ltd. has a 12-month low of $59.37 and a 12-month high of $141.70. The firm has a 50 day simple moving average of $127.83 and a 200-day simple moving average of $115.46. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The company has a market cap of $32.85 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 0.46 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 for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period last year, the business earned ($1.12) EPS. The firm's revenue was up 28.0% compared to the same quarter last year. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RCL shares. Barclays boosted their price target on Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. The Goldman Sachs Group restated a "buy" rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. UBS Group increased their price target on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Tigress Financial increased their price target on Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, December 21st. Finally, Argus increased their price target on Royal Caribbean Cruises from $95.00 to $142.00 and gave the stock a "buy" rating in a research note on Thursday, December 21st. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $136.94.

Insider Activity 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 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 directly owns 166,537 shares of the company's stock, valued at approximately $19,319,957.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.70% of the stock is owned by company insiders.

About Royal Caribbean Cruises

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.