Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Wiser Advisor Group LLC

Wiser Advisor Group LLC increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.3% in the third quarter, HoldingsChannel.com reports. The firm owned 1,274 shares of the company’s stock after acquiring an additional 87 shares during the quarter. Wiser Advisor Group LLC’s holdings in Royal Caribbean Cruises were worth $226,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RCL. D1 Capital Partners L.P. increased its holdings in shares of Royal Caribbean Cruises by 105.7% in the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after acquiring an additional 777,103 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Royal Caribbean Cruises by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after purchasing an additional 400,565 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in Royal Caribbean Cruises during the second quarter worth approximately $35,038,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Royal Caribbean Cruises by 809.6% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company’s stock worth $27,601,000 after buying an additional 154,090 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The trade was a 10.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard D. Fain sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the sale, the director now directly owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 407,405 shares of company stock worth $94,817,966 in the last 90 days. 7.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup increased their price objective on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Truist Financial upped their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded down $1.33 during trading hours on Monday, hitting $240.16. The company’s stock had a trading volume of 111,474 shares, compared to its average volume of 2,349,481. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a twelve month low of $103.99 and a twelve month high of $243.55. The stock has a market cap of $64.57 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 0.64 and a beta of 2.59. The business has a fifty day moving average of $201.02 and a 200-day moving average of $171.70.

Royal Caribbean Cruises (NYSE:RCL) last announced 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. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.85 EPS. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

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.