Vestnet Asset Management Inc. grew its holdings into Royal Caribbean Cruises Ltd. (NYSE:RCLGetRating) by 43.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,304 shares of the company’s stock after purchasing an additional 33,999 shares during the period. Vestnet Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $9,409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pictet Asset Management SA raised its position in shares of Royal Caribbean Cruises by 2.8% in the fourth quarter. Pictet Asset Management SA now owns 126,483 shares of the company’s stock valued at $9,727,000 after purchasing an additional 3,481 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in shares of Royal Caribbean Cruises in the first quarter valued at approximately $240,000. WINTON GROUP Ltd bought a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $569,000. Concentric Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises in the first quarter valued at approximately $205,000. Finally, Eagle Asset Management Inc. purchased a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $2,774,000. Institutional investors own 73.74% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.6%

NYSE:RCL opened at $39.67 on Monday. The company has a fifty day moving average of $40.09 and a 200 day moving average of $62.96. Royal Caribbean Cruises Ltd. has a 52 week low of $31.09 and a 52 week high of $98.27. The company has a quick ratio of 0.28, a current ratio of 0.30 and a debt-to-equity ratio of 5.22. The firm has a market capitalization of $10.12 billion, a P/E ratio of -2.26 and a beta of 2.46.

Royal Caribbean Cruises (NYSE:RCLGetRating) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($2.08) EPS for the quarter, beating analysts’ consensus estimates of ($2.23) by $0.15. Royal Caribbean Cruises had a negative net margin of 95.46% and a negative return on equity of 87.89%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the prior year, the business posted ($5.06) EPS. The firm’s revenue was up 4190.1% compared to the same quarter last year. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post -6.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RCL has been the subject of several recent analyst reports. StockNews.com raised shares of Royal Caribbean Cruises to a “sell” rating in a research note on Saturday. Susquehanna Bancshares reduced their price objective on shares of Royal Caribbean Cruises from $70.00 to $50.00 in a research note on Friday, July 29th. Susquehanna reduced their price objective on shares of Royal Caribbean Cruises from $70.00 to $50.00 in a research note on Friday, July 29th. Morgan Stanley reduced their objective price on shares of Royal Caribbean Cruises from $54.00 to $40.00 and set an “underweight” rating for the company in a research note on Friday, July 29th. Finally, Truist Financial cut their price target on shares of Royal Caribbean Cruises from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Thursday, May 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Hold” and a consensus target price of $67.00.

About Royal Caribbean Cruises

(GetRating)

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.

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