Paragon Private Wealth Management LLC Invests $246,000 in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Paragon Private Wealth Management LLC acquired 1,198 shares of Royal Caribbean Cruises Ltd., valued at approximately $246,000, marking a new investment position in the company.
• Royal Caribbean reported a quarterly earnings per share (EPS) of $4.38, surpassing analysts' expectations and showing a year-over-year revenue increase of 10.4%.
• Wall Street analysts have raised their price targets for Royal Caribbean, with JPMorgan Chase now targeting $367.00 and Susquehanna raising theirs to $385.00, reflecting strong investor confidence.

Paragon Private Wealth Management LLC acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,198 shares of the company's stock, valued at approximately $246,000.

Other hedge funds have also recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec increased its position in Royal Caribbean Cruises by 19.1% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 28,926 shares of the company's stock valued at $5,943,000 after buying an additional 4,629 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in Royal Caribbean Cruises by 611.4% during the 1st quarter. Dark Forest Capital Management LP now owns 32,833 shares of the company's stock worth $6,745,000 after purchasing an additional 28,218 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Royal Caribbean Cruises by 4.6% during the 1st quarter. EP Wealth Advisors LLC now owns 2,074 shares of the company's stock worth $426,000 after purchasing an additional 91 shares in the last quarter. Night Squared LP bought a new stake in Royal Caribbean Cruises during the 1st quarter worth approximately $5,544,000. Finally, Baird Financial Group Inc. increased its holdings in Royal Caribbean Cruises by 3.6% during the 1st quarter. Baird Financial Group Inc. now owns 4,529 shares of the company's stock worth $930,000 after purchasing an additional 158 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the sale, the director owned 150,291 shares in the company, valued at $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,507 shares of company stock worth $10,091,282. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded down $7.62 on Friday, reaching $352.44. The company's stock had a trading volume of 1,455,537 shares, compared to its average volume of 1,835,217. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a 12-month low of $154.08 and a 12-month high of $366.50. The company has a market capitalization of $95.73 billion, a P/E ratio of 26.42, a PEG ratio of 0.99 and a beta of 2.12. The stock's 50 day simple moving average is $334.99 and its 200-day simple moving average is $267.44.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the business posted $3.21 earnings per share. The firm's revenue was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RCL. Truist Financial set a $337.00 target price on Royal Caribbean Cruises in a report on Wednesday, July 30th. Wall Street Zen downgraded Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Loop Capital reiterated a "buy" rating and issued a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. UBS Group upped their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $327.14.

Royal Caribbean Cruises Company 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.