2,786 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by Roberts Capital Advisors LLC

Key Points

• Roberts Capital Advisors LLC has acquired 2,786 shares of Royal Caribbean Cruises Ltd., valued at approximately $572,000, indicating institutional interest in the stock.
• Several hedge funds, including Ostrum Asset Management and CWM LLC, have also increased their stakes in Royal Caribbean Cruises, with institutional investors now holding 87.53% of the stock.
• Insider selling activity was noted, with Director Richard D. Fain selling 16,000 shares and CAO Henry L. Pujol selling 5,207 shares, representing significant reductions in their holdings.

Roberts Capital Advisors LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,786 shares of the company's stock, valued at approximately $572,000.

Several other hedge funds have also added to or reduced their stakes in RCL. Ostrum Asset Management raised its holdings in Royal Caribbean Cruises by 0.3% in the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock valued at $2,678,000 after acquiring an additional 40 shares in the last quarter. CWM LLC raised its holdings in Royal Caribbean Cruises by 0.4% in the 1st quarter. CWM LLC now owns 12,816 shares of the company's stock valued at $2,633,000 after acquiring an additional 45 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Royal Caribbean Cruises by 3.4% in the 1st quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock valued at $278,000 after acquiring an additional 45 shares in the last quarter. Forum Financial Management LP raised its holdings in Royal Caribbean Cruises by 1.5% in the 1st quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock valued at $628,000 after acquiring an additional 46 shares in the last quarter. Finally, Accredited Investors Inc. raised its holdings in Royal Caribbean Cruises by 2.1% in the 1st quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock valued at $458,000 after acquiring an additional 46 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard D. Fain sold 16,000 shares of the company'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 represents a 9.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,807 shares of company stock worth $11,652,630. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Up 0.4%

NYSE RCL opened at $313.54 on Friday. The business's 50-day moving average price is $312.76 and its two-hundred day moving average price is $258.67. Royal Caribbean Cruises Ltd. has a 12 month low of $154.08 and a 12 month high of $355.91. The firm has a market capitalization of $85.17 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 0.88 and a beta of 2.22. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating 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 firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the company posted $3.21 EPS. The business's revenue was up 10.4% on a year-over-year basis. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Wall Street Analyst Weigh In

RCL has been the subject of several analyst reports. Barclays lifted their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Citigroup lifted their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Bank of America lifted their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Macquarie decreased their price target on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $323.10.

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.

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