Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 353,175 shares of the company's stock after purchasing an additional 3,235 shares during the period. Royal Caribbean Cruises accounts for 1.0% of Pinnacle Associates Ltd.'s portfolio, making the stock its 17th largest position. Pinnacle Associates Ltd. owned approximately 0.14% of Royal Caribbean Cruises worth $62,639,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Unique Wealth Strategies LLC acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at $27,000. Versant Capital Management Inc grew its position in Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company's stock worth $30,000 after buying an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its stake 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 purchasing an additional 121 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock worth $32,000 after buying an additional 140 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in shares of Royal Caribbean Cruises by 50.3% in the 2nd 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 Price Performance

Shares of RCL traded down $1.38 during mid-day trading on Wednesday, reaching $208.72. 786,372 shares of the stock traded hands, compared to its average volume of 2,390,096. The company has a market cap of $53.71 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 0.58 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 1 year low of $83.25 and a 1 year high of $214.12. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The firm has a fifty day moving average price of $178.28 and a 200 day moving average price of $160.35.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its 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. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the company posted $3.85 EPS. The company's revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.61 earnings per share for the current year.

Analyst Ratings Changes

RCL has been the subject of several recent analyst reports. StockNews.com raised shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research note on Tuesday, September 24th. Macquarie upped their price target on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 30th. Mizuho raised their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $201.80.

Insider Activity

In other news, CFO Naftali Holtz bought 5,350 shares of the firm's stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares of the company's stock, valued at $6,755,840. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Laura H. Bethge sold 3,073 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Naftali Holtz purchased 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares of the company's stock, valued at $6,755,840. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 7.95% of the company's stock.

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.

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