iSAM Funds UK Ltd Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

iSAM Funds UK Ltd acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,211 shares of the company's stock, valued at approximately $392,000.

A number of other large investors have also recently made changes to their positions in the business. Plato Investment Management Ltd bought a new stake in Royal Caribbean Cruises during the third quarter worth approximately $26,000. Unique Wealth Strategies LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $27,000. Safe Harbor Fiduciary LLC bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. raised its holdings in Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock valued at $30,000 after buying an additional 121 shares during the period. Finally, AlphaMark Advisors LLC lifted its position in Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock worth $32,000 after buying an additional 140 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Up 2.8 %

Shares of NYSE:RCL traded up $6.95 during trading hours on Friday, hitting $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 firm's fifty day moving average price is $215.38 and its 200 day moving average price is $178.94. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $258.21. The company has a market capitalization of $69.40 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 0.66 and a beta of 2.59. 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 (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.85 earnings per share. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Barclays increased their price objective on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price 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. Macquarie increased their price target on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Citigroup boosted their price objective on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $233.63.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the sale, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $763,922.72. Following the transaction, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock valued at $94,299,521 over the last quarter. 7.95% of the stock is owned by corporate insiders.

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.