Mackenzie Financial Corp Reduces Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mackenzie Financial Corp decreased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,565 shares of the company's stock after selling 37,337 shares during the quarter. Mackenzie Financial Corp owned approximately 0.07% of Royal Caribbean Cruises worth $23,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB increased its position in Royal Caribbean Cruises by 120.9% in the fourth quarter. Nordea Investment Management AB now owns 194,018 shares of the company's stock worth $25,149,000 after buying an additional 106,203 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Royal Caribbean Cruises by 1,672.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company's stock worth $2,440,000 after purchasing an additional 17,782 shares in the last quarter. Retireful LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $1,977,000. Bank of New York Mellon Corp grew its position in shares of Royal Caribbean Cruises by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company's stock worth $141,303,000 after purchasing an additional 10,095 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $1,120,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on RCL. The Goldman Sachs Group reiterated a "buy" rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. UBS Group increased their target price 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. Barclays increased their target price on Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. Tigress Financial increased their price target on Royal Caribbean Cruises from $139.00 to $155.00 and gave the company 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 company a "buy" rating in a research note on Thursday, December 21st. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.94.

Insider Buying and Selling

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 transaction of $1,363,465.53. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Down 0.3 %

Shares of NYSE:RCL traded down $0.33 during trading on Thursday, hitting $127.64. The company had a trading volume of 1,966,800 shares, compared to its average volume of 2,736,520. The stock has a market cap of $32.76 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a one year low of $59.37 and a one year high of $141.70. The company has a fifty day simple moving average of $127.83 and a two-hundred day simple moving average of $115.46. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the company earned ($1.12) EPS. Royal Caribbean Cruises's quarterly revenue was up 28.0% compared to the same quarter last year. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current year.

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.