Jump Financial LLC Trims Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Jump Financial LLC trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 87.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,310 shares of the company's stock after selling 23,646 shares during the quarter. Jump Financial LLC's holdings in Royal Caribbean Cruises were worth $764,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. SOA Wealth Advisors LLC. increased its stake in shares of Royal Caribbean Cruises by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 300 shares of the company's stock worth $53,000 after purchasing an additional 75 shares during the last quarter. Anchor Investment Management LLC raised its stake in shares of Royal Caribbean Cruises by 175.0% in the third quarter. Anchor Investment Management LLC now owns 319 shares of the company's stock valued at $57,000 after buying an additional 203 shares during the period. World Investment Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at $7,107,000. Wilmington Savings Fund Society FSB bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth $109,000. Finally, American Trust purchased a new stake in Royal Caribbean Cruises in the 3rd quarter worth about $204,000. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RCL has been the subject of a number of research reports. UBS Group increased their target price on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Susquehanna reiterated a "positive" rating on shares of Royal Caribbean Cruises in a research note on Tuesday, March 25th. BNP Paribas assumed coverage on Royal Caribbean Cruises in a research report on Thursday, March 27th. They set an "outperform" rating and a $262.00 target price on the stock. Tigress Financial lifted their price target on Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Argus increased their price objective on Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus price target of $272.85.

Insider Buying and Selling

In other news, Director Richard D. Fain sold 19,500 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $256.68, for a total value of $5,005,260.00. Following the completion of the sale, the director now owns 185,021 shares of the company's stock, valued at approximately $47,491,190.28. The trade was a 9.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jason T. Liberty sold 58,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total value of $15,193,100.00. Following the transaction, the chief executive officer now owns 143,214 shares in the company, valued at approximately $37,514,907.30. The trade was a 28.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,492 shares of company stock worth $28,571,705 in the last 90 days. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Price Performance

NYSE:RCL traded up $0.84 during midday trading on Friday, hitting $212.15. The company had a trading volume of 1,492,922 shares, compared to its average volume of 2,305,723. The company has a market capitalization of $57.60 billion, a PE ratio of 19.85, a P/E/G ratio of 0.90 and a beta of 2.26. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $277.08. The stock's fifty day moving average price is $211.89 and its 200-day moving average price is $226.38.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same quarter in the previous year, the business posted $1.25 EPS. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 7th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 28.06%.

Royal Caribbean Cruises announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 1.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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.