Stevens Capital Management LP Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Stevens Capital Management LP purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,893 shares of the company’s stock, valued at approximately $375,000.

Several other hedge funds have also recently modified their holdings of the stock. Nordea Investment Management AB lifted its position 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 worth $25,149,000 after buying an additional 106,203 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Royal Caribbean Cruises by 1,672.8% during the 4th 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 period. Retireful LLC bought a new position in Royal Caribbean Cruises in the 4th quarter valued at $1,977,000. Bank of New York Mellon Corp boosted its stake in shares of Royal Caribbean Cruises by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock valued at $141,303,000 after purchasing an additional 10,095 shares during the period. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth about $1,120,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 2.3 %

RCL stock traded up $3.11 during mid-day trading on Friday, hitting $140.58. 2,759,776 shares of the company were exchanged, compared to its average volume of 2,785,707. Royal Caribbean Cruises Ltd. has a 12-month low of $59.38 and a 12-month high of $141.70. The firm has a market capitalization of $36.08 billion, a P/E ratio of 22.60, a PEG ratio of 0.50 and a beta of 2.52. The business has a fifty day simple moving average of $129.71 and a 200-day simple moving average of $117.11. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.23) earnings per share. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 10.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RCL. Barclays upped their target price on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday. Mizuho increased their target price on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley raised their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.76.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is owned by 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.