1,754 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, Holdings Channel.com reports. The firm bought 1,754 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $33,000. Hanseatic Management Services Inc. purchased a new position in shares of Royal Caribbean Cruises during the third quarter worth $36,000. West Branch Capital LLC grew its stake in shares of Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock valued at $41,000 after buying an additional 246 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at approximately $2,356,705.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Royal Caribbean Cruises 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 value of $1,363,465.53. Following the completion of the sale, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,697 shares of company stock worth $9,749,357. 7.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RCL has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Barclays raised their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Susquehanna upped their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Bank of America increased their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, Mizuho boosted their price target on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.13.

Royal Caribbean Cruises Stock Up 0.1 %

Royal Caribbean Cruises stock opened at $141.67 on Thursday. The stock’s fifty day moving average is $133.15 and its two-hundred day moving average is $120.60. The stock has a market cap of $36.46 billion, a PE ratio of 18.26, a P/E/G ratio of 0.41 and a beta of 2.49. Royal Caribbean Cruises Ltd. has a 1-year low of $73.93 and a 1-year high of $143.93. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.44. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) EPS. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current fiscal 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.