Stifel Financial Corp Sells 5,714 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Stifel Financial Corp cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 5.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,718 shares of the company's stock after selling 5,714 shares during the period. Stifel Financial Corp's holdings in Royal Caribbean Cruises were worth $16,977,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Plato Investment Management Ltd acquired a new stake in Royal Caribbean Cruises during the 3rd quarter valued at $26,000. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises during the second quarter valued at $27,000. Safe Harbor Fiduciary LLC purchased a new stake in Royal Caribbean Cruises in the 3rd quarter worth about $27,000. DiNuzzo Private Wealth Inc. grew its stake 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 acquiring an additional 121 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock valued at $32,000 after purchasing an additional 140 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RCL. Sanford C. Bernstein started coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price objective on the stock. Wells Fargo & Company boosted their price target on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Bank of America upped their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Tigress Financial lifted their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Citigroup upped their target price on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $235.50.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded down $1.48 during midday trading on Tuesday, hitting $245.66. The company's stock had a trading volume of 2,299,845 shares, compared to its average volume of 2,331,570. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The stock's 50 day simple moving average is $216.77 and its 200 day simple moving average is $179.65. The stock has a market capitalization of $66.05 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 0.68 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $258.70.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.89 billion. During the same quarter last year, the firm posted $3.85 EPS. The company's revenue was up 17.5% on a year-over-year basis. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares of the company's stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares of the company's stock, valued at $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is owned by company 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.