State of New Jersey Common Pension Fund D Purchases 6,713 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

State of New Jersey Common Pension Fund D lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,926 shares of the company’s stock after purchasing an additional 6,713 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Royal Caribbean Cruises worth $17,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Royal Caribbean Cruises by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after acquiring an additional 487,327 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of Royal Caribbean Cruises by 476.1% in the third quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock worth $43,381,000 after purchasing an additional 389,095 shares during the last quarter. Retirement Systems of Alabama increased its holdings in Royal Caribbean Cruises by 484.7% in the third quarter. Retirement Systems of Alabama now owns 292,289 shares of the company’s stock valued at $26,932,000 after purchasing an additional 242,302 shares during the period. Allspring Global Investments Holdings LLC raised its position in Royal Caribbean Cruises by 1,188.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 242,113 shares of the company’s stock worth $31,351,000 after purchasing an additional 223,323 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $25,487,000. 87.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated 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 owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL traded up $0.74 during trading hours on Thursday, hitting $137.47. The stock had a trading volume of 5,645,844 shares, compared to its average volume of 2,785,977. The stock has a market cap of $35.29 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 1 year low of $59.37 and a 1 year high of $141.70. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The company’s fifty day simple moving average is $129.31 and its 200 day simple moving average is $116.96.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.12) earnings per share. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 9.99 earnings per share for the current year.

Analyst Ratings Changes

RCL has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. 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. Finally, Mizuho began coverage on shares of Royal Caribbean Cruises in a research note on Wednesday, April 17th. They set a “buy” rating and a $164.00 target price on the stock. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.94.

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.