Disciplined Growth Investors Inc. MN Buys 13,520 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Disciplined Growth Investors Inc. MN boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591,552 shares of the company's stock after buying an additional 13,520 shares during the quarter. Royal Caribbean Cruises accounts for approximately 2.0% of Disciplined Growth Investors Inc. MN's holdings, making the stock its 23rd biggest holding. Disciplined Growth Investors Inc. MN owned about 0.22% of Royal Caribbean Cruises worth $104,918,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in Royal Caribbean Cruises during the 3rd quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock valued at $30,000 after acquiring an additional 121 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises during the second quarter worth $27,000. Finally, LRI Investments LLC bought a new stake in Royal Caribbean Cruises during the third quarter valued at $31,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Trading Down 0.9 %

NYSE RCL traded down $2.26 on Tuesday, hitting $244.88. 1,362,171 shares of the stock were exchanged, compared to its average volume of 2,327,542. The company's 50-day moving average price is $216.77 and its two-hundred day moving average price is $179.65. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-week high of $258.70. The company has a market capitalization of $65.84 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 0.68 and a beta of 2.59.

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 for the quarter, beating the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. Royal Caribbean Cruises's quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.85 earnings per share. Research analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Citigroup boosted their price objective on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Bank of America increased their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average price target of $235.50.

Royal Caribbean Cruises 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.