Anfield Capital Management LLC Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Anfield Capital Management LLC has acquired a new stake in Royal Caribbean Cruises Ltd., purchasing 5,656 shares valued at approximately $1,162,000.
• Several other institutional investors have also increased their positions, with 87.53% of the stock currently owned by institutional investors and hedge funds.
• Equities research analysts have issued positive ratings and target price upgrades for the stock, with an average price target now at $323.10 and several firms rating the company as a "buy."

Anfield Capital Management LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,656 shares of the company's stock, valued at approximately $1,162,000.

A number of other hedge funds also recently made changes to their positions in RCL. Trust Asset Management LLC increased its holdings in Royal Caribbean Cruises by 11.3% in the first quarter. Trust Asset Management LLC now owns 2,823 shares of the company's stock worth $580,000 after purchasing an additional 286 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Royal Caribbean Cruises by 4.4% in the first quarter. Public Sector Pension Investment Board now owns 32,616 shares of the company's stock worth $6,701,000 after purchasing an additional 1,371 shares in the last quarter. Independent Advisor Alliance increased its holdings in Royal Caribbean Cruises by 106.8% in the first quarter. Independent Advisor Alliance now owns 12,963 shares of the company's stock worth $2,663,000 after purchasing an additional 6,696 shares in the last quarter. SouthState Corp bought a new stake in Royal Caribbean Cruises in the first quarter worth approximately $39,000. Finally, Nuveen LLC bought a new stake in Royal Caribbean Cruises in the first quarter worth approximately $358,614,000. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RCL has been the subject of several recent research reports. Macquarie decreased their price objective on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a report on Friday, May 9th. UBS Group set a $353.00 price objective on Royal Caribbean Cruises and gave the stock a "buy" rating in a research report on Friday, August 8th. Susquehanna reissued a "positive" rating and issued a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein boosted their target price on 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 research 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 company. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus price target of $323.10.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the 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 directly owned 7,826 shares in the company, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard D. Fain sold 19,600 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the sale, the director owned 165,421 shares of the company's stock, valued at $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,807 shares of company stock valued at $11,652,630 over the last quarter. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

NYSE RCL traded up $0.36 during trading on Wednesday, reaching $313.44. The company's stock had a trading volume of 1,900,690 shares, compared to its average volume of 2,145,314. The firm has a fifty day moving average of $311.20 and a 200 day moving average of $257.81. Royal Caribbean Cruises Ltd. has a one year low of $150.33 and a one year high of $355.91. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The stock has a market capitalization of $85.14 billion, a PE 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 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 firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the business earned $3.21 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

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.