Teacher Retirement System of Texas Has $10.95 Million Position in Royal Caribbean Group (NYSE:RCL)

Teacher Retirement System of Texas boosted its position in Royal Caribbean Group (NYSE:RCL) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,937 shares of the company’s stock after purchasing an additional 3,221 shares during the period. Teacher Retirement System of Texas’ holdings in Royal Caribbean Group were worth $10,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Royal Caribbean Group by 6.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 52,666 shares of the company’s stock valued at $3,934,000 after buying an additional 3,288 shares during the period. SeaTown Holdings Pte. Ltd. increased its stake in shares of Royal Caribbean Group by 250.0% in the first quarter. SeaTown Holdings Pte. Ltd. now owns 210,000 shares of the company’s stock valued at $17,978,000 after buying an additional 150,000 shares during the period. Monetta Financial Services Inc. increased its stake in shares of Royal Caribbean Group by 8.3% in the first quarter. Monetta Financial Services Inc. now owns 26,000 shares of the company’s stock valued at $2,226,000 after buying an additional 2,000 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Royal Caribbean Group in the first quarter valued at about $24,505,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Royal Caribbean Group by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,343,402 shares of the company’s stock valued at $175,018,000 after buying an additional 69,757 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Lisa Lutoff-Perlo sold 23,702 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $90.00, for a total value of $2,133,180.00. Following the transaction, the chief executive officer now owns 73,391 shares in the company, valued at $6,605,190. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason T. Liberty sold 34,778 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $90.17, for a total value of $3,135,932.26. Following the completion of the transaction, the chief financial officer now owns 115,251 shares in the company, valued at approximately $10,392,182.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 360,873 shares of company stock worth $33,821,675. Corporate insiders own 13.09% of the company’s stock.

Shares of NYSE:RCL opened at $90.63 on Friday. The business has a 50 day moving average price of $87.42. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of -3.64 and a beta of 2.84. The company has a current ratio of 1.70, a quick ratio of 1.67 and a debt-to-equity ratio of 2.26. Royal Caribbean Group has a 52-week low of $45.06 and a 52-week high of $99.24.

Royal Caribbean Group (NYSE:RCL) last announced its quarterly earnings results on Thursday, April 29th. The company reported ($4.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.54) by $0.10. The firm had revenue of $42.01 million during the quarter, compared to the consensus estimate of $40.71 million. On average, equities research analysts expect that Royal Caribbean Group will post -13.68 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Berenberg Bank increased their price target on Royal Caribbean Group from $55.00 to $70.00 and gave the company a “sell” rating in a research note on Wednesday, April 21st. Truist increased their price target on Royal Caribbean Group from $48.00 to $68.00 in a research note on Monday, March 15th. UBS Group raised their target price on Royal Caribbean Group from $79.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, March 18th. Macquarie raised Royal Caribbean Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 2nd. Finally, The Goldman Sachs Group raised their target price on Royal Caribbean Group from $76.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 21st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $78.14.

Royal Caribbean Group Company Profile

Royal Caribbean Group 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 December 31, 2020, it operated 61 ships with an aggregate capacity of approximately 137,930 berths.

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Institutional Ownership by Quarter for Royal Caribbean Group (NYSE:RCL)

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