8,205 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by Duality Advisers LP

Duality Advisers LP bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 8,205 shares of the company's stock, valued at approximately $1,062,000.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 2.0% in the third quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company's stock valued at $2,295,891,000 after purchasing an additional 487,327 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in Royal Caribbean Cruises by 476.1% during the third 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 last quarter. Retirement Systems of Alabama increased its holdings in Royal Caribbean Cruises by 484.7% during the third quarter. Retirement Systems of Alabama now owns 292,289 shares of the company's stock worth $26,932,000 after buying an additional 242,302 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Royal Caribbean Cruises by 1,188.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 242,113 shares of the company's stock worth $31,351,000 after purchasing an additional 223,323 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Royal Caribbean Cruises during the fourth quarter worth $25,487,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Royal Caribbean Cruises

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RCL shares. UBS Group boosted their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a "buy" rating in a research report on Friday, February 16th. The Goldman Sachs Group reissued a "buy" rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. Macquarie upped their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, March 15th. Finally, Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus target price of $136.94.

Royal Caribbean Cruises Stock Up 0.0 %

NYSE:RCL traded up $0.01 during trading hours on Wednesday, hitting $136.68. 2,996,673 shares of the company traded hands, compared to its average volume of 2,748,914. 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 firm's 50-day simple moving average is $129.31 and its 200-day simple moving average is $116.96. Royal Caribbean Cruises Ltd. has a one year low of $59.37 and a one year high of $141.70. The company has a market cap of $35.08 billion, a PE ratio of 21.97, a PEG ratio of 0.48 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 the consensus estimate 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 analysts' expectations of $3.36 billion. During the same period last year, the business earned ($1.12) EPS. The business's revenue was up 28.0% on a year-over-year basis. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 9.99 earnings per share 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.