Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by swisspartners Advisors Ltd

swisspartners Advisors Ltd lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,964 shares of the company’s stock after selling 900 shares during the period. Royal Caribbean Cruises comprises 5.2% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 11th biggest holding. swisspartners Advisors Ltd’s holdings in Royal Caribbean Cruises were worth $7,246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RCL. CENTRAL TRUST Co boosted its holdings in shares of Royal Caribbean Cruises by 16.7% in the 4th quarter. CENTRAL TRUST Co now owns 1,180 shares of the company’s stock valued at $91,000 after buying an additional 169 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Royal Caribbean Cruises by 13.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,874 shares of the company’s stock valued at $221,000 after buying an additional 342 shares in the last quarter. U S Global Investors Inc. acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at $169,000. Raymond James & Associates boosted its holdings in shares of Royal Caribbean Cruises by 0.4% in the 4th quarter. Raymond James & Associates now owns 85,386 shares of the company’s stock valued at $6,566,000 after buying an additional 374 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Royal Caribbean Cruises by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 22,858 shares of the company’s stock valued at $1,758,000 after buying an additional 1,104 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

Several research firms recently commented on RCL. Truist Financial reduced their price target on shares of Royal Caribbean Cruises from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday, March 17th. Morgan Stanley reduced their price target on shares of Royal Caribbean Cruises from $65.00 to $61.00 and set an “underweight” rating for the company in a research report on Tuesday, February 8th. Wells Fargo & Company began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, March 29th. They issued an “overweight” rating and a $93.00 price target for the company. Stifel Nicolaus reduced their price target on shares of Royal Caribbean Cruises from $125.00 to $118.00 and set a “buy” rating for the company in a research report on Monday, March 14th. Finally, Citigroup began coverage on shares of Royal Caribbean Cruises in a research report on Thursday, February 10th. They issued a “buy” rating and a $105.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Hold” and an average price target of $91.67.

In other news, CEO Michael W. Bayley sold 3,637 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $80.00, for a total transaction of $290,960.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa Lutoff-Perlo sold 10,435 shares of the company’s stock in a transaction on Thursday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $917,549.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,931 shares of company stock worth $1,505,730. Corporate insiders own 9.56% of the company’s stock.

Royal Caribbean Cruises stock traded down $2.96 during trading hours on Friday, reaching $77.73. 2,861,496 shares of the stock were exchanged, compared to its average volume of 2,489,117. The stock has a market cap of $19.82 billion, a P/E ratio of -3.72 and a beta of 2.51. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.47 and a current ratio of 0.49. Royal Caribbean Cruises Ltd. has a 52-week low of $61.45 and a 52-week high of $98.27. The firm’s 50 day moving average is $77.75 and its 200 day moving average is $79.62.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last announced its quarterly earnings data on Friday, February 4th. The company reported ($4.78) EPS for the quarter, missing the Zacks’ consensus estimate of ($3.70) by ($1.08). Royal Caribbean Cruises had a negative return on equity of 67.57% and a negative net margin of 343.35%. The firm had revenue of $982.30 million for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company posted ($5.02) EPS. The firm’s quarterly revenue was up 2780.6% compared to the same quarter last year. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post -4.29 EPS for the current fiscal year.

Royal Caribbean Cruises Company Profile (Get Rating)

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships.

See Also

Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.