Y Intercept Hong Kong Ltd Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Y Intercept Hong Kong Ltd 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 & Exchange Commission. The institutional investor acquired 11,744 shares of the company's stock, valued at approximately $2,413,000.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Royal Caribbean Cruises by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after purchasing an additional 353,893 shares during the period. Revisor Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $1,525,000. Dorsey Wright & Associates acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at $4,221,000. Groupama Asset Managment acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at $1,122,000. Finally, Brown Miller Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 1st quarter valued at $266,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded up $2.50 during mid-day trading on Friday, hitting $351.86. 1,059,425 shares of the stock traded hands, compared to its average volume of 2,551,735. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a twelve month low of $130.08 and a twelve month high of $355.91. The company has a market cap of $95.55 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.04 and a beta of 2.17. The firm has a 50 day simple moving average of $292.10 and a two-hundred day simple moving average of $249.39.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $2.71 EPS 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 firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the business earned $1.77 EPS. The business's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.85%. Royal Caribbean Cruises's payout ratio is presently 24.92%.

Insider Buying and Selling

In other news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises 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 directly owned 165,421 shares in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial reissued a "hold" rating and issued a $337.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Monday. Wall Street Zen cut shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday. Macquarie lowered their price target on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Bank of America increased their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and an average price target of $311.05.

Royal Caribbean Cruises 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.