American International Group Inc. Boosts Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

American International Group Inc. lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,234 shares of the company’s stock after acquiring 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 SEC filing.

Several other hedge funds have also modified their holdings of the company. West Branch Capital LLC boosted its stake in shares of Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in Royal Caribbean Cruises by 24.6% in the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after buying an additional 100 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Royal Caribbean Cruises by 14.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock valued at $119,000 after buying an additional 115 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Royal Caribbean Cruises by 2.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock valued at $584,000 after buying an additional 128 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Royal Caribbean Cruises by 5.8% in the 4th quarter. Lindbrook Capital LLC now owns 2,426 shares of the company’s stock valued at $314,000 after buying an additional 133 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises 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 completion of the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the sale, the chief executive officer now directly owns 98,850 shares of the company’s stock, valued at $13,859,758.50. The disclosure for this sale can be found here. Insiders sold 152,884 shares of company stock valued at $22,052,985 in the last 90 days. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.6 %

Royal Caribbean Cruises stock opened at $151.48 on Thursday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $157.58. The company has a market capitalization of $38.98 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.45 and a beta of 2.56. The firm has a 50 day moving average price of $143.44 and a 200 day moving average price of $131.78.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS 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 analysts’ expectations of $3.69 billion. During the same quarter last year, the company posted ($0.23) EPS. The firm’s revenue was up 29.2% compared to the same quarter last year. Research analysts expect that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RCL. Susquehanna raised their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Stifel Nicolaus increased their price objective 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. Bank of America increased their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from 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.