ING Groep NV Acquires 2,145 Shares of Royal Caribbean Group (NYSE:RCL)

ING Groep NV boosted its stake in shares of Royal Caribbean Group (NYSE:RCL) by 17.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,495 shares of the company’s stock after buying an additional 2,145 shares during the period. ING Groep NV’s holdings in Royal Caribbean Group were worth $1,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. California Public Employees Retirement System grew its position in Royal Caribbean Group by 0.7% during the 4th quarter. California Public Employees Retirement System now owns 402,840 shares of the company’s stock worth $30,088,000 after purchasing an additional 2,829 shares during the period. Treasurer of the State of North Carolina increased its holdings in Royal Caribbean Group by 14.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 99,240 shares of the company’s stock valued at $7,412,000 after purchasing an additional 12,530 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of Royal Caribbean Group by 42.1% in the fourth quarter. State of Wisconsin Investment Board now owns 132,856 shares of the company’s stock worth $9,923,000 after acquiring an additional 39,339 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Royal Caribbean Group in the fourth quarter worth $456,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Royal Caribbean Group by 18.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 44,810 shares of the company’s stock worth $3,347,000 after purchasing an additional 7,117 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

RCL has been the topic of several recent analyst reports. Truist Securities upped their target price on shares of Royal Caribbean Group from $48.00 to $68.00 in a research report on Monday, March 15th. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Group from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, March 16th. The Goldman Sachs Group raised their price target on shares of Royal Caribbean Group from $76.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 21st. They noted that the move was a valuation call. Macquarie raised shares of Royal Caribbean Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Royal Caribbean Group from $62.00 to $79.00 and gave the company a “hold” rating in a research report on Tuesday, February 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Royal Caribbean Group has an average rating of “Hold” and a consensus price target of $78.14.

In related news, Director Arne Alexander Wilhelmsen sold 278,720 shares of the company’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $94.56, for a total transaction of $26,355,763.20. Following the transaction, the director now owns 14,509 shares in the company, valued at approximately $1,371,971.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason T. Liberty sold 34,778 shares of the company’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $90.17, for a total transaction of $3,135,932.26. Following 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. Insiders sold a total of 360,873 shares of company stock worth $33,821,675 in the last three months. Insiders own 13.09% of the company’s stock.

Shares of Royal Caribbean Group stock opened at $90.63 on Friday. The business has a fifty day moving average price of $87.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.70 and a quick ratio of 1.67. Royal Caribbean Group has a 1-year low of $45.06 and a 1-year high of $99.24. The firm has a market capitalization of $23.07 billion, a PE ratio of -3.64 and a beta of 2.84.

Royal Caribbean Group (NYSE:RCL) last released its earnings results on Thursday, April 29th. The company reported ($4.44) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($4.54) by $0.10. The company had revenue of $42.01 million for the quarter, compared to analyst estimates of $40.71 million. On average, equities research analysts anticipate that Royal Caribbean Group will post -13.68 EPS for the current year.

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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