Los Angeles Capital Management LLC Has $22.75 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Los Angeles Capital Management LLC decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 68.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 175,714 shares of the company’s stock after selling 384,670 shares during the period. Los Angeles Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $22,753,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at $26,000. Turtle Creek Wealth Advisors LLC bought a new position in Royal Caribbean Cruises during the 4th quarter valued at about $33,000. West Branch Capital LLC lifted its holdings in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. lifted its holdings in Royal Caribbean Cruises by 367.2% during the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock valued at $41,000 after purchasing an additional 246 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new position in Royal Caribbean Cruises during the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.6 %

Shares of NYSE:RCL traded up $0.83 during trading on Friday, hitting $138.21. 2,091,140 shares of the company’s stock were exchanged, compared to its average volume of 3,018,203. Royal Caribbean Cruises Ltd. has a 1-year low of $70.58 and a 1-year high of $143.62. The firm has a 50-day moving average price of $131.98 and a two-hundred day moving average price of $118.89. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The firm has a market cap of $35.57 billion, a P/E ratio of 17.81, a PEG ratio of 0.45 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company earned ($0.23) EPS. Royal Caribbean Cruises’s revenue was up 29.2% on a year-over-year basis. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.13 earnings per share for the current year.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at $2,356,705.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now 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 SEC, which is accessible through this link. Also, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction 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 directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. Insiders sold a total of 71,697 shares of company stock worth $9,749,357 in the last quarter. 8.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a report on Friday, April 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Mizuho lifted their price target on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Bank of America lifted their price target on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.71.

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.