Gulf International Bank UK Ltd Has $2.66 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Gulf International Bank UK Ltd raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,103 shares of the company’s stock after buying an additional 204 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Royal Caribbean Cruises were worth $2,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $26,000. Creekmur Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $33,000. Finally, West Branch Capital LLC grew its stake in shares of Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Henry L. Pujol sold 9,944 shares of the company’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 completion of the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The disclosure for this sale can be found here. Insiders have sold a total of 152,884 shares of company stock worth $22,052,985 over the last ninety days. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Up 0.6 %

RCL stock opened at $151.12 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $157.58. The stock has a market cap of $38.89 billion, a P/E ratio of 19.47, a P/E/G ratio of 0.45 and a beta of 2.56. The stock’s fifty day simple moving average is $144.24 and its two-hundred day simple moving average is $132.29. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating 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 analyst estimates of $3.69 billion. During the same quarter in the prior year, the business earned ($0.23) earnings per share. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on RCL. Wells Fargo & Company raised their price objective on Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Bank of America boosted their price target on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Argus boosted their target price on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Barclays raised their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.07.

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.