Fortis Group Advisors LLC Raises Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Fortis Group Advisors LLC increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 100.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,100 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. Fortis Group Advisors LLC’s holdings in Royal Caribbean Cruises were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of RCL. Creekmur Asset Management LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $30,000. Pineridge Advisors LLC bought a new position in Royal Caribbean Cruises during the 4th quarter valued at approximately $72,000. Scarborough Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 4th quarter worth approximately $26,000. American International Group Inc. grew its position in shares of Royal Caribbean Cruises by 3.6% in the 4th quarter. American International Group Inc. now owns 65,234 shares of the company’s stock worth $8,447,000 after buying an additional 2,255 shares during the last quarter. Finally, Syon Capital LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $306,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded down $6.78 during mid-day trading on Friday, reaching $148.50. 3,806,958 shares of the company’s stock traded hands, compared to its average volume of 1,768,405. The firm has a 50 day moving average price of $142.44 and a two-hundred day moving average price of $130.89. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $157.58. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a market capitalization of $38.22 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 0.47 and a beta of 2.56.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm earned ($0.23) earnings per share. The business’s quarterly revenue was up 29.2% on a year-over-year basis. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current year.

Insider Activity

In other news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at $2,356,705.01. The disclosure for this sale can be found here. Insiders sold a total of 152,884 shares of company stock worth $22,052,985 over the last 90 days. Corporate insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RCL shares. Argus increased their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Barclays upped their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. UBS Group upped their target price on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Mizuho lifted their price target on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.07.

View Our Latest Stock Analysis on RCL

About Royal Caribbean Cruises

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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