Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Michael W. Bayley Sells 49,155 Shares

Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Michael W. Bayley sold 49,155 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the sale, the chief executive officer now owns 49,695 shares in the company, valued at $7,338,460.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Royal Caribbean Cruises Trading Down 2.2 %

Royal Caribbean Cruises stock traded down $3.38 during trading on Wednesday, reaching $147.37. The company had a trading volume of 2,190,628 shares, compared to its average volume of 2,710,209. Royal Caribbean Cruises Ltd. has a 12-month low of $76.31 and a 12-month high of $150.90. The stock’s 50 day moving average price is $136.60 and its two-hundred day moving average price is $124.70. The firm has a market capitalization of $37.93 billion, a price-to-earnings ratio of 18.99, a PEG 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 released its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Royal Caribbean Cruises

Large investors have recently made changes to their positions in the business. Nordea Investment Management AB lifted its holdings in shares of Royal Caribbean Cruises by 120.9% during the fourth quarter. Nordea Investment Management AB now owns 194,018 shares of the company’s stock valued at $25,149,000 after acquiring an additional 106,203 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Royal Caribbean Cruises by 19.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock valued at $232,000 after buying an additional 285 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 1,672.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock valued at $2,440,000 after buying an additional 17,782 shares during the last quarter. Retireful LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at about $1,977,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at about $1,120,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

RCL has been the topic of a number of recent analyst reports. Stifel Nicolaus increased 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. Mizuho increased their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, April 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Susquehanna raised their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.38.

Royal Caribbean Cruises Company 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.