National Bank of Canada FI Sells 49,056 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

National Bank of Canada FI trimmed its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 28.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 120,444 shares of the company’s stock after selling 49,056 shares during the quarter. National Bank of Canada FI’s holdings in Royal Caribbean Cruises were worth $14,470,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. West Branch Capital LLC boosted its stake in shares of Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the period. Toth Financial Advisory Corp raised its holdings in Royal Caribbean Cruises by 24.6% during the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after buying an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Royal Caribbean Cruises by 14.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock valued at $119,000 after buying an additional 115 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Royal Caribbean Cruises by 2.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock worth $584,000 after acquiring an additional 128 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of Royal Caribbean Cruises by 5.8% in the fourth quarter. Lindbrook Capital LLC now owns 2,426 shares of the company’s stock valued at $314,000 after acquiring an additional 133 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $141.59 on Wednesday. Royal Caribbean Cruises Ltd. has a twelve month low of $73.93 and a twelve month high of $143.93. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. The company has a market capitalization of $36.44 billion, a P/E ratio of 18.25, a PEG ratio of 0.41 and a beta of 2.49. The stock’s 50 day moving average is $133.15 and its 200 day moving average is $120.60.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 EPS 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 analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.23) earnings per share. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.15 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Henry L. Pujol sold 9,944 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 16,687 shares in the company, valued at approximately $2,356,705.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,697 shares of company stock valued at $9,749,357. 7.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RCL. Susquehanna increased their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Barclays lifted their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Finally, Macquarie upped their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.