5 Most Undervalued Travel Stocks To Buy According To Hedge Funds

4. Royal Caribbean Cruises Ltd. (NYSE:RCL)

Number of Hedge Fund Holders: 42

PE Ratio as of January 27: 14.43

Royal Caribbean Cruises Ltd. (NYSE:RCL) received bullish comments from Truist earlier this month. The firm’s analyst C. Patrick Scholes said that Royal Caribbean Cruises Ltd. (NYSE:RCL), among other cruise stocks, is finally benefitting from the recovery in the industry. The analyst said that cruise stocks are expected to benefit further from the travel demand in 2023, citing his channel checks. The analyst said his checks point to a 50% jump in industry-wide sales as compared to the same period in 2019. The analyst sees a “sense of urgency” in booking trends.

Perhaps that’s why hedge funds are beginning to load up on Royal Caribbean Cruises Ltd. (NYSE:RCL). As of the end of the third quarter, 42 hedge funds reported having stakes in Royal Caribbean Cruises Ltd. (NYSE:RCL), compared to 28 funds in the previous quarter. This shows a huge spike in hedge fund sentiment for Royal Caribbean Cruises Ltd. (NYSE:RCL).