Andina Capital Management LLC Has $474,000 Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

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Andina Capital Management LLC lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 30.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,306 shares of the company's stock after selling 1,005 shares during the period. Andina Capital Management LLC's holdings in Royal Caribbean Cruises were worth $474,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the first quarter valued at $25,000. Hughes Financial Services LLC acquired a new position in Royal Caribbean Cruises in the first quarter valued at $26,000. Optimum Investment Advisors acquired a new position in Royal Caribbean Cruises in the first quarter valued at $31,000. Fourth Dimension Wealth LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at $35,000. Finally, SouthState Corp acquired a new position in Royal Caribbean Cruises in the first quarter valued at $39,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RCL shares. Susquehanna reiterated a "positive" rating and set a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Loop Capital reiterated a "buy" rating and set a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Finally, Northcoast Research assumed coverage on shares of Royal Caribbean Cruises in a research report on Friday, April 25th. They set a "buy" rating and a $279.00 target price for the company. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $323.10.

Royal Caribbean Cruises Stock Up 4.2%

RCL opened at $327.16 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The stock has a market cap of $88.87 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 0.88 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a twelve month low of $154.08 and a twelve month high of $355.91. The company's 50-day moving average price is $313.83 and its two-hundred day moving average price is $258.91.

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

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were 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. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.95% of the stock is owned by insiders.

About Royal Caribbean Cruises

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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