Fisher Asset Management LLC Sells 1,232 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Fisher Asset Management LLC trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 19.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,981 shares of the company’s stock after selling 1,232 shares during the period. Fisher Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $645,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Capital International Investors boosted its position in shares of Royal Caribbean Cruises by 1.2% in the 4th 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. Vanguard Group Inc. boosted its position in shares of Royal Caribbean Cruises by 2.0% in 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 last quarter. Norges Bank bought a new position in shares of Royal Caribbean Cruises in the 4th quarter worth $323,251,000. Northern Trust Corp boosted its position in shares of Royal Caribbean Cruises by 6.8% in the 3rd quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock worth $215,208,000 after purchasing an additional 148,532 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Royal Caribbean Cruises by 2.8% in the 4th quarter. Swiss National Bank now owns 760,938 shares of the company’s stock worth $98,534,000 after purchasing an additional 20,600 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the sale, the director now owns 179,117 shares in the company, valued at $27,576,853.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $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 valued at $22,052,985 over the last 90 days. 7.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RCL. 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. Susquehanna lifted their target price on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Macquarie lifted their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Finally, Mizuho lifted their price target on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.07.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $151.12 on Monday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The stock’s 50-day simple moving average is $144.24 and its 200 day simple moving average is $132.39. The company 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. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $157.58.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.23) earnings per share. As a group, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current fiscal year.

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.