Yousif Capital Management LLC lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 38.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,135 shares of the company's stock after purchasing an additional 12,429 shares during the period. Yousif Capital Management LLC's holdings in Royal Caribbean Cruises were worth $5,845,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $195,000. Wedge Capital Management L L P NC grew its holdings in Royal Caribbean Cruises by 5.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 369,337 shares of the company's stock worth $47,825,000 after acquiring an additional 18,554 shares in the last quarter. Monument Capital Management acquired a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $231,000. Duality Advisers LP acquired a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $1,062,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Royal Caribbean Cruises by 57.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,906 shares of the company's stock worth $4,002,000 after acquiring an additional 11,307 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on RCL. Susquehanna boosted their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a "positive" rating in a report on Friday. Barclays boosted their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a report on Friday. Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 7th. Mizuho boosted their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and a consensus target price of $138.76.
Read Our Latest Report on Royal Caribbean Cruises
Royal Caribbean Cruises Stock Performance
RCL stock traded up $3.11 on Friday, hitting $140.58. The company's stock had a trading volume of 2,759,776 shares, compared to its average volume of 2,785,707. The firm has a 50 day moving average of $129.71 and a two-hundred day moving average of $117.11. Royal Caribbean Cruises Ltd. has a 1 year low of $59.38 and a 1 year high of $141.70. The stock has a market cap of $36.08 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. 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 (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm earned ($0.23) EPS. Royal Caribbean Cruises's revenue for the quarter was up 29.2% on a year-over-year basis. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 10.06 EPS for the current fiscal year.
Insiders Place Their Bets
In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.70% of the stock is owned by insiders.
Royal Caribbean Cruises Profile
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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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