Public Sector Pension Investment Board Purchases 1,200 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Public Sector Pension Investment Board boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,327 shares of the company’s stock after buying an additional 1,200 shares during the period. Public Sector Pension Investment Board’s holdings in Royal Caribbean Cruises were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Royal Caribbean Cruises by 0.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,762 shares of the company’s stock valued at $18,049,000 after acquiring an additional 791 shares during the period. CreativeOne Wealth LLC raised its stake in Royal Caribbean Cruises by 459.2% in the 3rd quarter. CreativeOne Wealth LLC now owns 7,812 shares of the company’s stock worth $1,386,000 after purchasing an additional 6,415 shares in the last quarter. Forest Avenue Capital Management LP boosted its holdings in Royal Caribbean Cruises by 2.8% in the 3rd quarter. Forest Avenue Capital Management LP now owns 225,911 shares of the company’s stock valued at $40,068,000 after purchasing an additional 6,140 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth approximately $14,544,000. Finally, Blueshift Asset Management LLC bought a new position in shares of Royal Caribbean Cruises during the third quarter worth approximately $482,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock worth $94,299,521 in the last ninety days. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.6 %

Shares of RCL opened at $251.12 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $255.70. The stock has a market capitalization of $67.52 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 0.65 and a beta of 2.59. The stock has a fifty day moving average of $213.77 and a 200-day moving average of $177.76.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $3.85 earnings per share. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price target on the stock. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Bank of America boosted their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group boosted their target price on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.63.

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.