Swiss National Bank Increases Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Swiss National Bank raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 760,938 shares of the company’s stock after acquiring an additional 20,600 shares during the period. Swiss National Bank’s holdings in Royal Caribbean Cruises were worth $98,534,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RCL. BKM Wealth Management LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at about $33,000. Hanseatic Management Services Inc. bought a new position in shares of Royal Caribbean Cruises during the third quarter valued at about $36,000. West Branch Capital LLC raised its stake in shares of Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Royal Caribbean Cruises by 367.2% during the fourth quarter. Blue Trust Inc. now owns 313 shares of the company’s stock worth $41,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $138.21 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $70.58 and a fifty-two week high of $143.62. The firm’s 50-day simple moving average is $132.31 and its two-hundred day simple moving average is $119.25. The stock has a market cap of $35.57 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 0.45 and a beta of 2.49. 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 (NYSE:RCL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the firm posted ($0.23) EPS. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Susquehanna boosted their price target on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a report on Friday, April 26th. Macquarie upped their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Wells Fargo & Company raised their price target on Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Barclays upped their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.71.

Insider Activity

In other news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Henry L. Pujol sold 9,944 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the sale, the chief accounting officer now owns 16,687 shares in the company, valued at $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The disclosure for this sale can be found here. Insiders sold 71,697 shares of company stock worth $9,749,357 over the last three months. 8.70% of the stock is currently owned by corporate insiders.

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.