Sumitomo Mitsui DS Asset Management Company Ltd Grows Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 57.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,906 shares of the company’s stock after acquiring an additional 11,307 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Royal Caribbean Cruises were worth $4,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of RCL. BKM Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. ST Germain D J Co. Inc. raised its stake in Royal Caribbean Cruises by 65.0% during the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises in the fourth quarter worth $33,000. Hanseatic Management Services Inc. purchased a new stake in shares of Royal Caribbean Cruises in the third quarter worth $36,000. Finally, West Branch Capital LLC increased its holdings in shares of Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Up 2.2 %

Shares of Royal Caribbean Cruises stock opened at $132.04 on Tuesday. 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 stock has a market capitalization of $33.89 billion, a PE ratio of 21.23, a P/E/G ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 1-year low of $59.37 and a 1-year high of $141.70. The company’s fifty day simple moving average is $128.51 and its 200-day simple moving average is $116.50.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results 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. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. Royal Caribbean Cruises’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.12) earnings per share. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RCL shares. Susquehanna upped their price target on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. UBS Group increased their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 16th. Barclays boosted their price objective on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Mizuho initiated coverage on Royal Caribbean Cruises in a research note on Wednesday, April 17th. They set a “buy” rating and a $164.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.94.

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.