Duality Advisers LP Purchases New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Duality Advisers LP acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,205 shares of the company’s stock, valued at approximately $1,062,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. West Branch Capital LLC grew its position in shares of Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after buying an additional 100 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in Royal Caribbean Cruises by 24.6% during the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after acquiring an additional 100 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Royal Caribbean Cruises by 14.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock worth $119,000 after purchasing an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Royal Caribbean Cruises by 2.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock valued at $584,000 after purchasing an additional 128 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in shares of Royal Caribbean Cruises by 65.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RCL. Macquarie boosted their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Susquehanna upped their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Morgan Stanley lifted their price objective on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company raised their price target on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.94.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $136.67 on Wednesday. The firm has a market capitalization of $35.08 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 0.48 and a beta of 2.52. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 12-month low of $59.37 and a 12-month high of $141.70. The business has a 50 day simple moving average of $128.91 and a 200 day simple moving average of $116.82.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.12) earnings per share. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 9.99 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.