WBI Investments LLC Purchases Shares of 15,630 Royal Caribbean Cruises Ltd. (NYSE:RCL)

WBI Investments LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,630 shares of the company's stock, valued at approximately $2,024,000.

A number of other institutional investors have also made changes to their positions in RCL. BKM Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $33,000. West Branch Capital LLC grew 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 purchasing an additional 100 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Royal Caribbean Cruises by 367.2% in the fourth 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, Hanseatic Management Services Inc. purchased a new position in Royal Caribbean Cruises in the third quarter worth approximately $36,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

RCL stock traded down $3.38 on Wednesday, hitting $147.37. The company's stock had a trading volume of 2,190,628 shares, compared to its average volume of 2,710,209. The firm has a 50 day moving average of $136.60 and a two-hundred day moving average of $124.70. Royal Caribbean Cruises Ltd. has a 1 year low of $76.31 and a 1 year high of $150.90. The stock has a market cap of $37.93 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 0.45 and a beta of 2.49. 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 released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm earned ($0.23) EPS. Royal Caribbean Cruises's revenue for the quarter was up 29.2% on a year-over-year basis. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the business's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now directly owns 16,687 shares of the company's stock, valued at approximately $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the business's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now directly owns 16,687 shares of the company's stock, valued at approximately $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $6,981,500.00. Following the completion of the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,300 shares of company stock valued at $19,037,832. 7.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RCL shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Susquehanna lifted their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a "positive" rating in a research note on Friday, April 26th. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, May 14th. Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Finally, Barclays lifted their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises has an average rating of "Moderate Buy" and an average price target of $147.38.

About Royal Caribbean Cruises

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.