Unique Wealth Strategies LLC Makes New $879,000 Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Unique Wealth Strategies LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,790 shares of the company's stock, valued at approximately $879,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RCL. BKM Wealth Management LLC acquired a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $26,000. ST Germain D J Co. Inc. boosted its holdings in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company's stock valued at $30,000 after buying an additional 130 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $33,000. Hanseatic Management Services Inc. acquired a new position in shares of Royal Caribbean Cruises in the third quarter valued at approximately $36,000. Finally, West Branch Capital LLC boosted its holdings in shares of Royal Caribbean Cruises by 50.0% in the fourth 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. Institutional investors own 87.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on RCL shares. Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. UBS Group upped 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. Barclays boosted their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a research report on Friday. The Goldman Sachs Group reissued a "buy" rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Finally, Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $138.76.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded up $3.12 on Friday, hitting $140.59. The company had a trading volume of 2,759,875 shares, compared to its average volume of 2,933,396. Royal Caribbean Cruises Ltd. has a 1-year low of $59.38 and a 1-year high of $141.70. The stock has a market cap of $36.09 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 0.46 and a beta of 2.52. The stock has a 50 day moving average price of $130.20 and a 200 day moving average price of $117.67. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The business's revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) earnings per share. Analysts expect that Royal Caribbean Cruises Ltd. will post 10.8 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares of the company's stock, valued at approximately $21,365,763.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Michael W. Bayley sold 11,753 shares of the business's stock in a transaction dated Tuesday, February 13th. The stock was 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 in the company, valued at approximately $19,319,957.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company's stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is owned by company insiders.

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.