15,564 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by Q Global Advisors LLC

Q Global Advisors LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,564 shares of the company's stock, valued at approximately $2,015,000. Royal Caribbean Cruises accounts for about 1.5% of Q Global Advisors LLC's portfolio, making the stock its 11th largest position.

Several other large investors also recently modified their holdings of the business. Asset Management One Co. Ltd. increased its holdings in Royal Caribbean Cruises by 2.9% during the third quarter. Asset Management One Co. Ltd. now owns 104,442 shares of the company's stock worth $9,623,000 after buying an additional 2,907 shares during the last quarter. Simplicity Solutions LLC lifted its position in shares of Royal Caribbean Cruises by 1.6% in the third quarter. Simplicity Solutions LLC now owns 22,764 shares of the company's stock valued at $2,097,000 after buying an additional 350 shares during the last quarter. ST Germain D J Co. Inc. increased its position in Royal Caribbean Cruises by 65.0% during the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company's stock worth $30,000 after acquiring an additional 130 shares during the period. Accurate Wealth Management LLC raised its stake in Royal Caribbean Cruises by 2.7% in the 3rd quarter. Accurate Wealth Management LLC now owns 11,270 shares of the company's stock worth $975,000 after purchasing an additional 294 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its holdings in Royal Caribbean Cruises by 4.6% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 135,474 shares of the company's stock valued at $12,483,000 after purchasing an additional 5,951 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded up $2.76 during mid-day trading on Monday, hitting $143.35. 2,663,459 shares of the stock traded hands, compared to its average volume of 2,784,218. Royal Caribbean Cruises Ltd. has a twelve month low of $65.10 and a twelve month high of $143.62. The firm has a 50 day simple moving average of $130.74 and a two-hundred day simple moving average of $118.25. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market cap of $36.89 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52.

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

Insider Activity

In related news, CEO Jason T. Liberty sold 50,000 shares of the firm's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Jason T. Liberty sold 50,000 shares of the business's stock in a transaction on 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 owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael W. Bayley sold 11,753 shares of the company's stock in a transaction dated 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 owns 166,537 shares in the company, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. Insiders own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Barclays upped their target price on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley raised their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. Macquarie upped 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. Finally, Mizuho increased their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $138.76.

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.

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