Swiss National Bank Buys 3,800 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Swiss National Bank raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 725,638 shares of the company’s stock after buying an additional 3,800 shares during the quarter. Swiss National Bank owned about 0.27% of Royal Caribbean Cruises worth $128,699,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RCL. Plato Investment Management Ltd bought a new position in Royal Caribbean Cruises in the third quarter valued at approximately $26,000. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises in the second quarter worth $27,000. Versant Capital Management Inc lifted its position in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its position in shares of Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RCL. Mizuho boosted their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Wells Fargo & Company boosted their target price on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $231.49 on Monday. The firm has a market capitalization of $62.24 billion, a PE ratio of 23.79, a PEG ratio of 0.61 and a beta of 2.59. The company’s 50-day moving average is $193.66 and its 200-day moving average is $168.33. Royal Caribbean Cruises Ltd. has a fifty-two week low of $101.04 and a fifty-two week high of $238.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

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

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the sale, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,796 shares of company stock valued at $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.