Lisanti Capital Growth LLC Sells 19,285 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Lisanti Capital Growth LLC lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 61.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,165 shares of the company’s stock after selling 19,285 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Royal Caribbean Cruises were worth $1,575,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RCL. 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 worth $25,149,000 after acquiring an additional 106,203 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of 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 purchasing an additional 17,782 shares in the last quarter. Retireful LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $1,977,000. Bank of New York Mellon Corp raised its stake in Royal Caribbean Cruises by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock worth $141,303,000 after buying an additional 10,095 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in 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.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through this link. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the transaction, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Insiders have sold a total of 71,697 shares of company stock worth $9,749,357 over the last quarter. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Down 1.2 %

RCL traded down $1.66 during trading on Tuesday, hitting $141.59. 1,649,588 shares of the company’s stock traded hands, compared to its average volume of 2,775,651. The stock has a market capitalization of $36.44 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 0.41 and a beta of 2.49. 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 Ltd. has a 12-month low of $73.93 and a 12-month high of $143.93. The company’s 50 day simple moving average is $132.78 and its two-hundred day simple moving average is $120.16.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 51.54% and a net margin of 14.28%. Royal Caribbean Cruises’s revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.23) EPS. Analysts predict that Royal Caribbean Cruises Ltd. will post 11.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RCL shares. Macquarie increased their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Bank of America increased their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Susquehanna upped their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Barclays lifted their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Morgan Stanley upped their price objective on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.13.

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.