Souders Financial Advisors 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,509 shares of the company's stock, valued at approximately $800,000.
Other large investors also recently modified their holdings of the company. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $27,000. Versant Capital Management Inc boosted its holdings in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company's stock valued at $30,000 after acquiring an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its holdings in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock worth $30,000 after purchasing an additional 121 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock worth $32,000 after purchasing an additional 140 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Royal Caribbean Cruises by 50.3% in the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company's stock worth $37,000 after purchasing an additional 78 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.
Royal Caribbean Cruises Stock Down 1.3 %
NYSE:RCL traded down $3.18 during trading hours on Wednesday, hitting $234.24. 1,454,776 shares of the company's stock traded hands, compared to its average volume of 2,381,562. Royal Caribbean Cruises Ltd. has a twelve month low of $100.50 and a twelve month high of $238.10. The firm has a market cap of $62.98 billion, a P/E ratio of 24.40, a P/E/G ratio of 0.63 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The stock's fifty day moving average price is $189.16 and its two-hundred day moving average price is $166.37.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm's revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.85 earnings per share. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
RCL has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Mizuho upped their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, July 26th. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, Susquehanna upped their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a "positive" rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $220.00.
Get Our Latest Analysis on Royal Caribbean Cruises
Insider Buying and Selling at Royal Caribbean Cruises
In related news, Director Vagn O. Sorensen sold 5,800 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares of the company's stock, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Richard D. Fain sold 25,000 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now directly owns 25,837 shares of the company's stock, valued at $4,095,164.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,596 shares of company stock worth $8,090,059 over the last 90 days. 7.95% of the stock is currently owned by corporate insiders.
Royal Caribbean Cruises Profile
(
Free Report)
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.
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