Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,746 shares of the company's stock after acquiring an additional 9,547 shares during the period. Royal Caribbean Cruises makes up approximately 1.2% of Navellier & Associates Inc.'s portfolio, making the stock its 19th largest position. Navellier & Associates Inc.'s holdings in Royal Caribbean Cruises were worth $7,866,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in RCL. Fiera Capital Corp boosted its holdings in shares of Royal Caribbean Cruises by 1.0% during the 4th quarter. Fiera Capital Corp now owns 502,351 shares of the company's stock valued at $65,049,000 after acquiring an additional 4,935 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Royal Caribbean Cruises by 19.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company's stock worth $232,000 after purchasing an additional 285 shares during the last quarter. Inceptionr LLC bought a new stake in Royal Caribbean Cruises in the 4th quarter worth approximately $362,000. Foundations Investment Advisors LLC grew its position in Royal Caribbean Cruises by 10.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 2,766 shares of the company's stock worth $351,000 after purchasing an additional 265 shares during the period. Finally, Second Half Financial Partners LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter valued at $204,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Jason T. Liberty sold 50,000 shares of the firm's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the transaction, the chief executive officer now directly owns 153,017 shares of the company's stock, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the business's stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the sale, the chief accounting officer now directly owns 16,687 shares of the company's stock, valued at $2,356,705.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares of the company's stock, valued at $21,365,763.71. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,145 shares of company stock valued at $11,779,113. Insiders own 7.95% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the topic of a number of research reports. Barclays raised their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an "overweight" rating in a research note on Friday. UBS Group upped their price target on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday. Mizuho raised their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.38.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded down $0.94 during mid-day trading on Friday, reaching $141.92. The company's stock had a trading volume of 1,286,606 shares, compared to its average volume of 2,681,554. The stock has a fifty day moving average of $135.78 and a two-hundred day moving average of $123.60. The firm has a market capitalization of $36.52 billion, a PE ratio of 18.29, a P/E/G ratio of 0.43 and a beta of 2.49. Royal Caribbean Cruises Ltd. has a 52 week low of $76.31 and a 52 week high of $144.34. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.44. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm's revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.23) EPS. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current fiscal year.

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.