California Public Employees Retirement System Reduces Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

California Public Employees Retirement System lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 441,024 shares of the company’s stock after selling 4,656 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Royal Caribbean Cruises worth $57,108,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. ST Germain D J Co. Inc. increased its holdings in Royal Caribbean Cruises by 65.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $33,000. Hanseatic Management Services Inc. purchased a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $36,000. Finally, West Branch Capital LLC increased its holdings in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on RCL shares. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. UBS Group boosted their price target on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 16th. Susquehanna boosted their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Finally, Mizuho assumed coverage on Royal Caribbean Cruises in a report on Wednesday, April 17th. They issued a “buy” rating and a $164.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.94.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.5 %

Shares of Royal Caribbean Cruises stock opened at $137.47 on Friday. The stock’s fifty day moving average is $129.71 and its 200-day moving average is $117.11. The firm has a market capitalization of $35.29 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises Ltd. has a 12-month low of $59.37 and a 12-month high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. Royal Caribbean Cruises’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.12) earnings per share. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.06 earnings per share for the current year.

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.