UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $226.09 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 27.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,274,730 shares of the company’s stock after selling 490,637 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.47% of Royal Caribbean Cruises worth $226,086,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its holdings in Royal Caribbean Cruises by 19.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock valued at $670,000 after acquiring an additional 779 shares during the last quarter. Atria Investments Inc bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at $1,190,000. Cetera Investment Advisers increased its position in shares of Royal Caribbean Cruises by 162.4% during the first quarter. Cetera Investment Advisers now owns 48,241 shares of the company’s stock worth $6,706,000 after buying an additional 29,854 shares during the period. Cetera Advisors LLC increased its position in shares of Royal Caribbean Cruises by 51.6% during the first quarter. Cetera Advisors LLC now owns 11,629 shares of the company’s stock worth $1,617,000 after buying an additional 3,958 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Royal Caribbean Cruises by 45.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 49,649 shares of the company’s stock valued at $6,951,000 after buying an additional 15,514 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insider Activity

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock valued at $94,299,521 over the last three months. Corporate insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Tigress Financial increased their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America increased their target price on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $224.38.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $244.06 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The stock has a market cap of $65.62 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 0.64 and a beta of 2.59. The stock’s fifty day simple moving average is $208.22 and its two-hundred day simple moving average is $174.80. Royal Caribbean Cruises Ltd. has a 1-year low of $106.12 and a 1-year high of $245.91.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the firm earned $3.85 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

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.