Cerity Partners LLC Boosts Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Cerity Partners LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 32.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,430 shares of the company’s stock after purchasing an additional 3,280 shares during the period. Cerity Partners LLC’s holdings in Royal Caribbean Cruises were worth $1,739,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in RCL. Vanguard Group Inc. boosted its position in shares of Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after buying an additional 487,327 shares in the last quarter. Geode Capital Management LLC increased its position in Royal Caribbean Cruises by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 4,521,734 shares of the company’s stock worth $294,589,000 after purchasing an additional 105,705 shares in the last quarter. Capital World Investors increased its position in Royal Caribbean Cruises by 1,314.9% during the 1st quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock worth $231,152,000 after purchasing an additional 2,564,035 shares in the last quarter. Northern Trust Corp boosted its holdings in Royal Caribbean Cruises by 6.8% in the 3rd quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock worth $215,208,000 after acquiring an additional 148,532 shares during the period. Finally, Norges Bank purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $100,326,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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 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 owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $129.21 on Friday. The company has a market capitalization of $33.17 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $141.70. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The business’s 50-day moving average is $128.21 and its 200-day moving average is $115.81.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.12) EPS. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Susquehanna upped their price objective on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Morgan Stanley upped their price objective 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. Wells Fargo & Company boosted their price target on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Finally, Macquarie boosted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.94.

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.