Mutual of America Capital Management LLC Sells 699 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mutual of America Capital Management LLC decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,179 shares of the company’s stock after selling 699 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $5,175,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RCL. Mount Lucas Management LP lifted its holdings in shares of Royal Caribbean Cruises by 2.6% in the third quarter. Mount Lucas Management LP now owns 7,073 shares of the company’s stock valued at $1,254,000 after purchasing an additional 182 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Royal Caribbean Cruises by 2.3% during the 3rd quarter. Natixis Advisors LLC now owns 180,659 shares of the company’s stock worth $32,042,000 after acquiring an additional 4,008 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Royal Caribbean Cruises by 372.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after acquiring an additional 68,008 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its holdings in shares of Royal Caribbean Cruises by 3.3% in the third quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company’s stock valued at $390,000 after purchasing an additional 70 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Royal Caribbean Cruises by 8.2% during the third quarter. CIBC Asset Management Inc now owns 35,573 shares of the company’s stock valued at $6,309,000 after purchasing an additional 2,687 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RCL shares. Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Barclays lifted their price target on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Bank of America upped their price objective 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. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, Truist Financial increased their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Royal Caribbean Cruises Trading Up 0.5 %

NYSE:RCL opened at $235.87 on Thursday. Royal Caribbean Cruises Ltd. has a 1 year low of $102.77 and a 1 year high of $238.69. The stock’s fifty day moving average price is $198.10 and its two-hundred day moving average price is $170.13. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market cap of $63.42 billion, a P/E ratio of 24.24, a P/E/G ratio of 0.61 and a beta of 2.59.

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

Insider Activity

In related news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the sale, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The trade was a 10.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,796 shares of company stock worth $7,170,759. 7.95% of the stock is owned by company insiders.

About Royal Caribbean Cruises

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.