Mutual of America Capital Management LLC Has $4.30 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mutual of America Capital Management LLC reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,897 shares of the company’s stock after selling 627 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $4,295,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Keystone Financial Group acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $209,000. Nordea Investment Management AB lifted its stake in Royal Caribbean Cruises by 120.9% in 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 last quarter. Quadrant Capital Group LLC lifted its stake in 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 acquiring an additional 285 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in 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 acquiring an additional 17,782 shares during the last quarter. Finally, Retireful LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $1,977,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at approximately $2,356,705.01. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Richard D. Fain sold 19,584 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the sale, the director now owns 179,117 shares of the company’s stock, valued at approximately $27,576,853.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Henry L. Pujol sold 9,944 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,884 shares of company stock worth $22,052,985. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Trading Down 0.3 %

Shares of RCL stock opened at $162.67 on Thursday. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $164.68. The firm’s fifty day simple moving average is $150.65 and its 200 day simple moving average is $135.64. The firm has a market capitalization of $41.86 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 0.48 and a beta of 2.62. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the company posted ($0.23) EPS. The business’s revenue was up 29.2% on a year-over-year basis. As a group, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on RCL shares. Bank of America lifted their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Barclays lifted their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Macquarie lifted their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Argus lifted their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, June 24th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $161.13.

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.