Los Angeles Capital Management LLC Purchases 101,078 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Los Angeles Capital Management LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 57.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,792 shares of the company’s stock after purchasing an additional 101,078 shares during the period. Los Angeles Capital Management LLC owned 0.11% of Royal Caribbean Cruises worth $38,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Symmetry Partners LLC bought a new position in Royal Caribbean Cruises during the 1st quarter worth $1,611,000. HighPoint Advisor Group LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter worth about $2,837,000. PNC Financial Services Group Inc. boosted its holdings in Royal Caribbean Cruises by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 46,653 shares of the company’s stock valued at $6,041,000 after purchasing an additional 527 shares during the period. Vanguard Group Inc. grew its position in shares of Royal Caribbean Cruises by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock worth $3,273,144,000 after purchasing an additional 359,770 shares in the last quarter. Finally, Fortis Group Advisors LLC grew its position in shares of Royal Caribbean Cruises by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,100 shares of the company’s stock worth $272,000 after purchasing an additional 1,050 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now directly owns 179,117 shares in the company, valued at approximately $27,576,853.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the transaction, the director now owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction on 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 completion of the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The disclosure for this sale can be found here. Insiders sold 152,884 shares of company stock valued at $22,052,985 over the last quarter. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $151.48 on Thursday. The firm’s fifty day moving average price is $143.44 and its two-hundred day moving average price is $131.78. The stock has a market cap of $38.98 billion, a PE ratio of 19.52, a PEG ratio of 0.46 and a beta of 2.56. 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.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. Royal Caribbean Cruises’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.23) EPS. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price target 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. Susquehanna upped their target price on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Barclays raised their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. UBS Group upped their price objective on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target 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.