Brookstone Capital Management lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Rating) by 13.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,962 shares of the company's stock after buying an additional 687 shares during the period. Brookstone Capital Management's holdings in Royal Caribbean Cruises were worth $205,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of RCL. Rockefeller Capital Management L.P. raised its holdings in shares of Royal Caribbean Cruises by 14.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,250 shares of the company's stock worth $403,000 after buying an additional 648 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth $332,000. ETF Managers Group LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth $280,000. LPL Financial LLC raised its holdings in shares of Royal Caribbean Cruises by 17.2% during the 4th quarter. LPL Financial LLC now owns 78,872 shares of the company's stock worth $6,065,000 after buying an additional 11,582 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Royal Caribbean Cruises by 1.7% during the 4th quarter. Alliancebernstein L.P. now owns 279,305 shares of the company's stock worth $21,479,000 after buying an additional 4,672 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company's stock.
Get Royal Caribbean Cruises alerts:Royal Caribbean Cruises Trading Down 5.5 %
Shares of RCL stock opened at $44.42 on Friday. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of -2.53 and a beta of 2.41. The stock has a 50-day moving average of $41.55 and a 200-day moving average of $54.34. The company has a current ratio of 0.30, a quick ratio of 0.28 and a debt-to-equity ratio of 5.22. Royal Caribbean Cruises Ltd. has a 1-year low of $31.09 and a 1-year high of $98.27.
Royal Caribbean Cruises (NYSE:RCL – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($2.08) earnings per share for the quarter, beating the consensus estimate of ($2.23) by $0.15. The company had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.10 billion. Royal Caribbean Cruises had a negative return on equity of 87.89% and a negative net margin of 95.46%. The business's quarterly revenue was up 4190.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($5.06) earnings per share. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post -7.03 earnings per share for the current year.Analyst Ratings Changes
A number of research firms have recently commented on RCL. Truist Financial lowered their price target on Royal Caribbean Cruises from $65.00 to $58.00 and set a "hold" rating for the company in a report on Tuesday, September 20th. Barclays upped their target price on Royal Caribbean Cruises from $55.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, September 19th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, September 19th. Wells Fargo & Company lowered their target price on Royal Caribbean Cruises from $81.00 to $58.00 in a report on Friday, July 29th. Finally, Susquehanna lowered their target price on Royal Caribbean Cruises from $70.00 to $50.00 in a report on Friday, July 29th. Two equities 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 company's stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of "Hold" and an average price target of $62.00.
Royal Caribbean Cruises Profile
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Royal Caribbean Cruises (RCL)
- Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
- Why Does Tesla Stock Remain Resilient?
- 2 Semiconductor Stocks To Watch For Reversals
- Is Costco's Post-Earnings Price Weakness A Good Time To Buy?
Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Rating).
Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.