Weiss Asset Management LP Acquires Shares of 2,233 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Weiss Asset Management LP purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,233 shares of the company's stock, valued at approximately $396,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wedge Capital Management L L P NC grew its stake in shares of Royal Caribbean Cruises by 2.6% in the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company's stock worth $51,349,000 after acquiring an additional 7,298 shares during the period. Souders Financial Advisors purchased a new stake in Royal Caribbean Cruises during the 3rd quarter valued at $800,000. Swiss National Bank boosted its stake in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company's stock worth $128,699,000 after buying an additional 3,800 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the second quarter worth $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Royal Caribbean Cruises by 8.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company's stock valued at $6,310,000 after acquiring an additional 2,640 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the sale, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Price Performance

RCL stock traded down $1.48 during midday trading on Tuesday, hitting $245.66. The company's stock had a trading volume of 2,301,461 shares, compared to its average volume of 2,331,744. The firm has a market capitalization of $66.05 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.68 and a beta of 2.59. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $258.70. The company has a 50 day moving average of $216.77 and a two-hundred day moving average of $179.65.

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. The company had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. Royal Caribbean Cruises's quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company posted $3.85 earnings per share. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Analyst Ratings Changes

RCL has been the topic of several research reports. The Goldman Sachs Group raised their target price on Royal Caribbean Cruises from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday. Macquarie upped their target price on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Sanford C. Bernstein started coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, November 26th. They issued an "outperform" rating and a $290.00 price target on the stock. Finally, Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $235.50.

Royal Caribbean Cruises Company 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.