3,778 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by Ted Buchan & Co

Key Points

• Ted Buchan & Co acquired 3,778 shares of Royal Caribbean Cruises Ltd., valued at approximately $776,000, indicating investor interest in the cruise line.
• Insider transactions included Director Richard D. Fain selling 16,000 shares and CAO Henry L. Pujol selling 5,207 shares, reflecting a significant decrease in their ownership percentages.
• Royal Caribbean Cruises reported earnings of $4.38 per share for the last quarter, exceeding analysts' expectations and marking a 10.4% year-over-year revenue increase.

Ted Buchan & Co bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,778 shares of the company's stock, valued at approximately $776,000.

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

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,807 shares of company stock worth $11,652,630. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $313.44 on Thursday. The firm's fifty day moving average is $311.20 and its two-hundred day moving average is $257.81. Royal Caribbean Cruises Ltd. has a 52-week low of $150.33 and a 52-week high of $355.91. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company has a market cap of $85.14 billion, a P/E ratio of 23.50, a P/E/G ratio of 0.88 and a beta of 2.22.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm posted $3.21 EPS. The business's quarterly revenue was up 10.4% on a year-over-year basis. As a group, analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RCL. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price target on the stock. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Jefferies Financial Group lifted their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein lifted their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $323.10.

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.

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