Commonwealth Equity Services LLC Acquires 12,826 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Posted by on May 8th, 2023

Commonwealth Equity Services LLC increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Rating) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,667 shares of the company’s stock after acquiring an additional 12,826 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Royal Caribbean Cruises worth $8,930,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Bleakley Financial Group LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $875,000. Metis Global Partners LLC bought a new position in Royal Caribbean Cruises during the fourth quarter valued at about $227,000. LPL Financial LLC increased its stake in shares of Royal Caribbean Cruises by 2.3% during the 4th quarter. LPL Financial LLC now owns 95,718 shares of the company’s stock worth $4,731,000 after purchasing an additional 2,164 shares during the last quarter. swisspartners Advisors Ltd raised its holdings in shares of Royal Caribbean Cruises by 3.3% in the 4th quarter. swisspartners Advisors Ltd now owns 96,054 shares of the company’s stock worth $4,748,000 after purchasing an additional 3,050 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Royal Caribbean Cruises by 33.1% in the fourth quarter. Handelsbanken Fonder AB now owns 194,486 shares of the company’s stock valued at $9,613,000 after purchasing an additional 48,366 shares during the last quarter. Institutional investors own 74.27% of the company’s stock.

Royal Caribbean Cruises Trading Up 5.2 %

NYSE:RCL opened at $75.61 on Monday. The company has a debt-to-equity ratio of 6.41, a current ratio of 0.26 and a quick ratio of 0.35. The stock has a 50-day simple moving average of $65.14 and a two-hundred day simple moving average of $61.40. Royal Caribbean Cruises Ltd. has a 52-week low of $31.09 and a 52-week high of $76.30.

Royal Caribbean Cruises (NYSE:RCL – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.48. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. Royal Caribbean Cruises had a negative return on equity of 25.86% and a negative net margin of 9.72%. The firm’s revenue was up 172.4% on a year-over-year basis. During the same period in the previous year, the company posted ($4.57) EPS. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 4.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RCL. Barclays boosted their price target on shares of Royal Caribbean Cruises from $88.00 to $100.00 in a research report on Friday. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday. Truist Financial lifted their price target on shares of Royal Caribbean Cruises from $62.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, March 23rd. Bank of America upgraded shares of Royal Caribbean Cruises from an “underperform” rating to a “neutral” rating and upped their price target for the company from $40.00 to $78.00 in a research report on Wednesday, February 8th. Finally, William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.77.

Royal Caribbean Cruises Profile

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Royal Caribbean Group is a cruise company, which engages in the ownership and operation of the following global cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The firm also holds interest in TUI Cruises GmbH, which operates the German brands TUI Cruises and Hapag-Lloyd Cruises.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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