GAM Holding AG Purchases New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

GAM Holding AG purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 34,380 shares of the company's stock, valued at approximately $7,063,000.

Other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its holdings in shares of Royal Caribbean Cruises by 618.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at $35,000. Truvestments Capital LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $36,000. Capital A Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $46,000. Institutional investors own 87.53% of the company's stock.

Analyst Ratings Changes

RCL has been the subject of a number of analyst reports. BNP Paribas initiated coverage on Royal Caribbean Cruises in a research report on Thursday, March 27th. They set an "outperform" rating and a $262.00 price target for the company. Loop Capital reiterated a "buy" rating and set a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Jefferies Financial Group assumed coverage on Royal Caribbean Cruises in a research report on Monday, March 31st. They set a "hold" rating and a $230.00 price target for the company. Finally, UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $276.90.

Royal Caribbean Cruises Stock Up 1.9%

Shares of RCL stock traded up $5.06 on Friday, reaching $272.84. 3,370,956 shares of the company's stock traded hands, compared to its average volume of 2,293,911. The business's 50 day moving average price is $239.38 and its two-hundred day moving average price is $234.67. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $279.89. The company has a market capitalization of $74.09 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 0.81 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.02 billion. During the same quarter in the previous year, the firm earned $1.77 EPS. The firm's revenue was up 7.3% compared to the same quarter last year. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.10%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the sale, the director now directly owns 165,421 shares of the company's stock, valued at $41,868,055.10. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.95% of the stock is owned by corporate insiders.

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.