Bessemer Group Inc. Buys 11,356 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Bessemer Group Inc. increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 411.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 14,119 shares of the company’s stock after buying an additional 11,356 shares during the quarter. Bessemer Group Inc.’s holdings in Royal Caribbean Cruises were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL lifted its position in shares of Royal Caribbean Cruises by 37.4% in the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock worth $14,197,000 after acquiring an additional 27,819 shares during the period. Keystone Financial Group acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at $209,000. Quadrant Capital Group LLC raised its position 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 worth $232,000 after purchasing an additional 285 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Royal Caribbean Cruises by 1,672.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock worth $2,440,000 after purchasing an additional 17,782 shares during the period. Finally, Retireful LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $1,977,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 2.8 %

Shares of RCL stock traded down $4.55 on Thursday, hitting $159.96. The stock had a trading volume of 2,949,303 shares, compared to its average volume of 2,491,363. The firm has a market cap of $41.17 billion, a P/E ratio of 19.97, a PEG ratio of 0.51 and a beta of 2.62. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $173.37. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The company has a fifty day moving average price of $155.91 and a two-hundred day moving average price of $138.54.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.77 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 $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company posted $1.82 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RCL. Bank of America raised their target price on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. The Goldman Sachs Group boosted their price target on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Susquehanna lifted their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus raised their price target on Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 19th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.94.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of 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 is available at this link. Also, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,884 shares of company stock valued at $22,052,985. 7.95% of the stock is owned by insiders.

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.