Fiera Capital Corp Has $4.52 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Fiera Capital Corp reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 92.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,459 shares of the company's stock after selling 297,334 shares during the quarter. Fiera Capital Corp's holdings in Royal Caribbean Cruises were worth $4,515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. boosted its stake in shares of Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock worth $30,000 after acquiring an additional 121 shares in the last quarter. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $27,000. Versant Capital Management Inc boosted its stake in shares of Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company's stock worth $30,000 after acquiring an additional 172 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock worth $32,000 after acquiring an additional 140 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Royal Caribbean Cruises by 50.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company's stock worth $37,000 after acquiring an additional 78 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 25,000 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the sale, the director now directly owns 204,521 shares of the company's stock, valued at approximately $42,953,500.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares of the company's stock, valued at $2,077,593.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the sale, the director now directly owns 204,521 shares in the company, valued at approximately $42,953,500.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,596 shares of company stock worth $8,090,059 over the last three months. Corporate insiders own 7.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RCL shares. Morgan Stanley increased their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. Macquarie increased their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Mizuho increased their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group increased their target price on Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.00.

Royal Caribbean Cruises Stock Up 2.2 %

NYSE RCL traded up $4.75 during trading on Friday, hitting $225.27. 1,786,765 shares of the company traded hands, compared to its average volume of 1,965,426. Royal Caribbean Cruises Ltd. has a 12 month low of $92.15 and a 12 month high of $228.08. The business has a fifty day simple moving average of $186.20 and a 200 day simple moving average of $164.80. 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 company has a market capitalization of $60.57 billion, a P/E ratio of 23.15, a PEG ratio of 0.59 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. 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 company earned $3.85 earnings per share. The business's revenue was up 17.5% compared to the same quarter last year. As a group, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current 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.