abrdn plc grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Rating) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 56,898 shares of the company’s stock after purchasing an additional 3,556 shares during the quarter. abrdn plc’s holdings in Royal Caribbean Cruises were worth $2,812,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Accurate Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at about $38,000. Zions Bancorporation N.A. lifted its stake in Royal Caribbean Cruises by 63.1% during the first quarter. Zions Bancorporation N.A. now owns 742 shares of the company’s stock valued at $62,000 after purchasing an additional 287 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Royal Caribbean Cruises by 86.2% during the third quarter. First Horizon Advisors Inc. now owns 1,056 shares of the company’s stock worth $39,000 after buying an additional 489 shares in the last quarter. Spire Wealth Management grew its position in Royal Caribbean Cruises by 83.3% in the fourth quarter. Spire Wealth Management now owns 1,305 shares of the company’s stock worth $65,000 after buying an additional 593 shares during the last quarter. Finally, Ancora Advisors LLC grew its position in Royal Caribbean Cruises by 17.4% in the first quarter. Ancora Advisors LLC now owns 1,350 shares of the company’s stock worth $116,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 74.27% of the company’s stock.
Insider Buying and Selling at Royal Caribbean Cruises
In other news, CEO Jason T. Liberty sold 36,536 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total transaction of $2,922,880.00. Following the completion of the sale, the chief executive officer now owns 147,078 shares in the company, valued at approximately $11,766,240. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.70% of the company’s stock.
Royal Caribbean Cruises Trading Down 1.8 %
Royal Caribbean Cruises (NYSE:RCL – Get Rating) last posted its earnings results on Thursday, May 4th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.71) by $0.48. Royal Caribbean Cruises had a negative net margin of 9.72% and a negative return on equity of 25.86%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm posted ($4.57) earnings per share. The company’s revenue for the quarter was up 172.4% compared to the same quarter last year. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 4.77 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on RCL shares. Deutsche Bank Aktiengesellschaft raised their price objective on Royal Caribbean Cruises from $65.00 to $71.00 in a research note on Friday, May 5th. Barclays boosted their price objective on Royal Caribbean Cruises from $88.00 to $100.00 in a report on Friday, May 5th. Truist Financial upped their price objective on shares of Royal Caribbean Cruises from $62.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, March 23rd. Bank of America raised shares of Royal Caribbean Cruises from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $40.00 to $78.00 in a research report on Wednesday, February 8th. Finally, William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Thursday, May 4th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $83.14.
About Royal Caribbean Cruises
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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