Geneos Wealth Management Inc. Has $2.44 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Geneos Wealth Management Inc. increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1,672.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,845 shares of the company's stock after purchasing an additional 17,782 shares during the period. Geneos Wealth Management Inc.'s holdings in Royal Caribbean Cruises were worth $2,440,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $33,000. West Branch Capital LLC boosted its position in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company's stock valued at $39,000 after buying an additional 100 shares during the period. Blue Trust Inc. raised its holdings in shares of Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company's stock valued at $41,000 after purchasing an additional 246 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in shares of Royal Caribbean Cruises by 65.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company's stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on RCL. The Goldman Sachs Group restated a "buy" rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. UBS Group boosted their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a "buy" rating in a report on Friday, February 16th. Argus boosted their price target on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a "buy" rating in a report on Thursday, December 21st. Barclays boosted their price objective on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an "overweight" rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $135.25.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock traded up $2.86 during mid-day trading on Thursday, reaching $133.76. 3,510,125 shares of the company traded hands, compared to its average volume of 2,722,797. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $141.70. The company has a market capitalization of $34.33 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. The firm's fifty day moving average is $127.20 and its two-hundred day moving average is $114.18.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the business posted ($1.12) EPS. Royal Caribbean Cruises's revenue for the quarter was up 28.0% compared to the same quarter last year. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 10.08 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael W. Bayley sold 11,753 shares of the company's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares of the company's stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.70% of the company's stock.

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.