Hilltop Holdings Inc. Invests $388,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Hilltop Holdings Inc. bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,189 shares of the company's stock, valued at approximately $388,000.

Several other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company's stock valued at $326,616,000 after purchasing an additional 400,565 shares in the last quarter. D1 Capital Partners L.P. increased its holdings in shares of Royal Caribbean Cruises by 3.8% in the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company's stock valued at $278,502,000 after acquiring an additional 58,159 shares during the last quarter. Swiss National Bank increased its holdings 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 valued at $128,699,000 after acquiring an additional 3,800 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Royal Caribbean Cruises by 0.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company's stock worth $90,969,000 after buying an additional 1,865 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in Royal Caribbean Cruises by 4.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company's stock worth $79,415,000 after buying an additional 21,326 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RCL shares. Citigroup lifted their price target on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Truist Financial lifted their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Bank of America boosted their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $233.63.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded up $6.95 during trading on Friday, reaching $258.09. The company's stock had a trading volume of 1,896,459 shares, compared to its average volume of 1,553,753. 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 $258.21. The company has a market capitalization of $69.40 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 0.66 and a beta of 2.59. The business has a 50 day moving average price of $215.38 and a 200-day moving average price of $178.72.

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 analysts' consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the business earned $3.85 earnings per share. The company's revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

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.