CWA Asset Management Group LLC Purchases New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

CWA Asset Management Group LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,094 shares of the company's stock, valued at approximately $549,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its position in Royal Caribbean Cruises by 37.4% during the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company's stock worth $14,197,000 after purchasing an additional 27,819 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Royal Caribbean Cruises by 2.6% in the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company's stock valued at $51,349,000 after buying an additional 7,298 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 17.2% during the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company's stock valued at $6,156,000 after buying an additional 5,655 shares during the period. New Wave Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Royal Caribbean Cruises by 8.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company's stock worth $6,310,000 after acquiring an additional 2,640 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Truist Financial upped their target price on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Finally, Mizuho raised their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $214.00.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the transaction, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the sale, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,596 shares of company stock valued at $8,090,059. Company insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock traded up $2.33 during midday trading on Monday, reaching $204.39. 1,509,580 shares of the stock traded hands, compared to its average volume of 2,395,212. The firm has a fifty day moving average price of $181.04 and a two-hundred day moving average price of $162.00. Royal Caribbean Cruises Ltd. has a fifty-two week low of $89.75 and a fifty-two week high of $214.12. The firm has a market cap of $54.96 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.54 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $4.89 billion. During the same period last year, the firm earned $3.85 EPS. The firm's revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share 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.