Tidal Investments LLC Has $5.21 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Tidal Investments LLC boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,599 shares of the company's stock after purchasing an additional 3,509 shares during the period. Tidal Investments LLC's holdings in Royal Caribbean Cruises were worth $5,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. lifted its position in shares of Royal Caribbean Cruises by 618.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after buying an additional 99 shares during the period. Bay Harbor Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $36,000. Truvestments Capital LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at $36,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 100.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company's stock valued at $46,000 after acquiring an additional 100 shares during the period. Finally, Quent Capital LLC boosted its stake in shares of Royal Caribbean Cruises by 40.2% in the 4th quarter. Quent Capital LLC now owns 237 shares of the company's stock valued at $55,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 0.8%

NYSE RCL traded up $1.95 during trading hours on Friday, hitting $240.35. The company's stock had a trading volume of 1,200,639 shares, compared to its average volume of 2,270,320. Royal Caribbean Cruises Ltd. has a twelve month low of $130.08 and a twelve month high of $277.08. The firm has a market capitalization of $65.27 billion, a P/E ratio of 22.48, a PEG ratio of 0.90 and a beta of 2.12. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The stock has a fifty day moving average of $214.68 and a 200 day moving average of $230.84.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company earned $1.77 EPS. The firm's revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 1.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Insider Activity

In related news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director now owns 165,421 shares in the company, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RCL. Stifel Nicolaus dropped their target price on shares of Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group set a $311.00 price objective on shares of Royal Caribbean Cruises and gave the stock a "buy" rating in a report on Tuesday. The Goldman Sachs Group cut their target price on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Morgan Stanley raised their price target on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $271.95.

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.