Royal Caribbean Cruises Ltd. (NYSE:RCL) Position Increased by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 639,348 shares of the company’s stock after purchasing an additional 85,545 shares during the period. Federated Hermes Inc.’s holdings in Royal Caribbean Cruises were worth $82,789,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. increased its stake in Royal Caribbean Cruises by 15.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 22,199 shares of the company’s stock valued at $2,875,000 after purchasing an additional 2,934 shares during the last quarter. Rakuten Securities Inc. bought a new position in Royal Caribbean Cruises in the 4th quarter valued at about $197,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Royal Caribbean Cruises by 128.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,892 shares of the company’s stock valued at $10,993,000 after buying an additional 47,694 shares in the last quarter. Everence Capital Management Inc. lifted its holdings in Royal Caribbean Cruises by 33.7% in the 4th quarter. Everence Capital Management Inc. now owns 6,470 shares of the company’s stock valued at $838,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Bison Wealth LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $231,000. Institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Mizuho initiated coverage on shares of Royal Caribbean Cruises in a report on Wednesday. They issued a “buy” rating and a $164.00 price target for the company. Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. UBS Group upped 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. Finally, Susquehanna upped their price target on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $136.94.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $127.64 on Friday. The company has a 50 day simple moving average of $127.97 and a 200-day simple moving average of $115.55. 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 firm has a market capitalization of $32.76 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 52-week low of $59.37 and a 52-week high of $141.70.

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