Concord Investment Counsel Inc. Invests $6.42 Million in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Concord Investment Counsel purchased 20,222 Royal Caribbean shares worth approximately $6.42 million, making RCL its 21st-largest holding and about 1.8% of its portfolio. Institutional investors collectively own 87.53% of the stock.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $353.40. Recent targets range from $337 to $388.
• Royal Caribbean reported quarterly EPS of $4.21, beating estimates by $0.23, while revenue rose 6.5% year over year to $4.83 billion. CEO Michael Bayley subsequently sold 12,811 shares for approximately $4.05 million.

Concord Investment Counsel Inc. purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,222 shares of the company's stock, valued at approximately $6,421,000. Royal Caribbean Cruises makes up approximately 1.8% of Concord Investment Counsel Inc.'s investment portfolio, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Royal Caribbean Cruises by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,485 shares of the company's stock worth $693,000 after buying an additional 30 shares during the last quarter. AlphaStar Capital Management LLC lifted its stake in shares of Royal Caribbean Cruises by 4.1% in the 4th quarter. AlphaStar Capital Management LLC now owns 779 shares of the company's stock valued at $217,000 after acquiring an additional 31 shares during the last quarter. Kestra Investment Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 2.6% during the 4th quarter. Kestra Investment Management LLC now owns 1,208 shares of the company's stock valued at $337,000 after acquiring an additional 31 shares in the last quarter. Waterloo Capital L.P. boosted its holdings in shares of Royal Caribbean Cruises by 2.9% during the 4th quarter. Waterloo Capital L.P. now owns 1,191 shares of the company's stock valued at $332,000 after acquiring an additional 34 shares in the last quarter. Finally, REAP Financial Group LLC grew its position in Royal Caribbean Cruises by 16.8% during the 4th quarter. REAP Financial Group LLC now owns 243 shares of the company's stock worth $68,000 after acquiring an additional 35 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RCL has been the subject of a number of recent research reports. TD Cowen lowered their target price on Royal Caribbean Cruises from $350.00 to $337.00 and set a "buy" rating for the company in a report on Friday, May 15th. William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Tuesday, July 28th. Zacks Research upgraded Royal Caribbean Cruises from a "strong sell" rating to a "hold" rating in a report on Thursday, June 18th. Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $361.00 to $388.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, Citigroup raised their price objective on shares of Royal Caribbean Cruises from $327.00 to $362.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $353.40.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $292.29 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $232.10 and a 1 year high of $366.50. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.21 and a quick ratio of 0.19. The company has a market capitalization of $78.17 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 0.98 and a beta of 1.77. The business has a 50-day moving average of $304.42 and a 200-day moving average of $291.73.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, beating the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%.The business had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.82 billion. During the same period in the prior year, the business posted $4.38 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current year.

Insider Activity

In other news, CEO Michael W. Bayley sold 12,811 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the transaction, the chief executive officer owned 45,297 shares in the company, valued at approximately $14,313,399.03. The trade was a 22.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.44% of the company's stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises NYSE: RCL, operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean's ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.

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