Polymer Capital Management HK LTD Has $2.08 Million Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Polymer Capital Management HK LTD decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 40.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,000 shares of the company's stock after selling 6,000 shares during the quarter. Polymer Capital Management HK LTD's holdings in Royal Caribbean Cruises were worth $2,076,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RCL. Brown Brothers Harriman & Co. grew its stake in Royal Caribbean Cruises by 618.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. LRI Investments LLC bought a new position in shares of Royal Caribbean Cruises in the third quarter valued at $31,000. Bay Harbor Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $36,000. Truvestments Capital LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at $40,000. Institutional investors own 87.53% of the company's stock.

Insider Buying and Selling

In related news, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the sale, the insider now directly owns 21,155 shares in the company, valued at $5,539,648.30. This trade represents a 41.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the completion of the transaction, the director now owns 185,021 shares of the company's stock, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,492 shares of company stock worth $28,571,705 in the last 90 days. Insiders own 7.95% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently weighed in on RCL shares. JPMorgan Chase & Co. boosted their price objective on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. BNP Paribas assumed coverage on Royal Caribbean Cruises in a research note on Thursday, March 27th. They issued an "outperform" rating and a $262.00 price objective on the stock. Citigroup lifted their target price on Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Stifel Nicolaus dropped their price target on Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Mizuho reaffirmed an "outperform" rating and set a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus price target of $276.95.

Royal Caribbean Cruises Price Performance

NYSE RCL traded down $0.47 during midday trading on Friday, hitting $192.04. The company had a trading volume of 1,450,325 shares, compared to its average volume of 2,358,186. The firm has a 50-day moving average price of $226.14 and a 200-day moving average price of $225.20. The company has a market capitalization of $51.68 billion, a PE ratio of 17.80, a P/E/G ratio of 0.90 and a beta of 2.26. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the business posted $1.25 EPS. As a group, analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed 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. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.56%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 28.06%.

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.