Yousif Capital Management LLC Has $5.85 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Yousif Capital Management LLC grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 38.0% during the fourth quarter, HoldingsChannel reports. The firm owned 45,135 shares of the company’s stock after buying an additional 12,429 shares during the quarter. Yousif Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $5,845,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock valued at $2,295,891,000 after purchasing an additional 487,327 shares in the last quarter. Northern Trust Corp boosted its position in Royal Caribbean Cruises by 6.8% during the 3rd quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock worth $215,208,000 after buying an additional 148,532 shares during the period. Bank of New York Mellon Corp boosted its position in Royal Caribbean Cruises by 0.7% during the 3rd 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 during the period. Federated Hermes Inc. boosted its position in Royal Caribbean Cruises by 15.4% during the 4th quarter. Federated Hermes Inc. now owns 639,348 shares of the company’s stock worth $82,789,000 after buying an additional 85,545 shares during the period. Finally, Fiera Capital Corp boosted its position in Royal Caribbean Cruises by 2.4% during the 3rd quarter. Fiera Capital Corp now owns 497,416 shares of the company’s stock worth $45,832,000 after buying an additional 11,742 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on RCL. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Mizuho started coverage on shares of Royal Caribbean Cruises in a research report on Wednesday, April 17th. They set a “buy” rating and a $164.00 price objective for the company. Finally, Susquehanna increased their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.94.

Royal Caribbean Cruises Trading Up 0.5 %

Shares of RCL stock opened at $137.47 on Friday. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19. The company has a market capitalization of $35.29 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 0.50 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 52-week low of $59.37 and a 52-week high of $141.70. The company has a 50-day simple moving average of $129.71 and a two-hundred day simple moving average of $117.11.

Royal Caribbean Cruises (NYSE:RCL) last announced 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 firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.23) EPS. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.06 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises 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.