American International Group Inc. Raises Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

American International Group Inc. boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,234 shares of the company’s stock after buying an additional 2,255 shares during the quarter. American International Group Inc.’s holdings in Royal Caribbean Cruises were worth $8,447,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of RCL. Norges Bank purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $323,251,000. Eagle Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at $79,392,000. Vanguard Group Inc. lifted its stake in shares of Royal Caribbean Cruises by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after purchasing an additional 487,327 shares during the period. Capital International Investors boosted its holdings in shares of Royal Caribbean Cruises by 1.2% during the fourth quarter. Capital International Investors now owns 29,309,587 shares of the company’s stock worth $3,795,368,000 after purchasing an additional 351,747 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Royal Caribbean Cruises by 1,188.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 242,113 shares of the company’s stock valued at $31,351,000 after purchasing an additional 223,323 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.0 %

Shares of RCL opened at $154.57 on Monday. The stock’s 50-day moving average is $140.80 and its two-hundred day moving average is $129.35. The stock has a market cap of $39.78 billion, a PE ratio of 19.92, a P/E/G ratio of 0.47 and a beta of 2.56. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $156.93. 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) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction dated 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 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 legal filing with the SEC, which is available at the SEC website. In related news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was 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 in the company, valued at $2,356,705.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael W. Bayley sold 49,155 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $147.67, for a total value of $7,258,718.85. Following the completion of the transaction, the chief executive officer now owns 49,695 shares in the company, valued at approximately $7,338,460.65. The disclosure for this sale can be found here. Insiders have sold a total of 133,300 shares of company stock worth $19,037,832 over the last quarter. 7.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RCL shares. UBS Group increased their target price on Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, Barclays boosted their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $151.81.

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.