Quantinno Capital Management LP Grows Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Quantinno Capital Management LP lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,175 shares of the company's stock after purchasing an additional 13,845 shares during the period. Quantinno Capital Management LP's holdings in Royal Caribbean Cruises were worth $10,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RCL. Cooper Financial Group acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $277,000. Claro Advisors LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at approximately $337,000. BCS Wealth Management acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at approximately $227,000. Accurate Wealth Management LLC lifted its holdings in Royal Caribbean Cruises by 13.7% in the fourth quarter. Accurate Wealth Management LLC now owns 2,913 shares of the company's stock valued at $661,000 after acquiring an additional 352 shares during the last quarter. Finally, Pines Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at approximately $201,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RCL shares. Argus upped their price objective on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Jefferies Financial Group started coverage on Royal Caribbean Cruises in a report on Monday, March 31st. They issued a "hold" rating and a $230.00 price objective on the stock. Barclays upped their price objective on Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Mizuho reiterated an "outperform" rating and issued a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Finally, Tigress Financial upped their price target on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $271.30.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 17,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total transaction of $4,447,540.00. Following the transaction, the chief financial officer now owns 42,127 shares of the company's stock, valued at approximately $11,021,265.74. This trade represents a 28.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jason T. Liberty sold 58,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total value of $15,193,100.00. Following the transaction, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. The trade was a 28.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,992 shares of company stock valued at $23,566,445 over the last quarter. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Up 2.2%

Shares of Royal Caribbean Cruises stock traded up $5.51 during trading hours on Friday, reaching $255.62. 2,298,337 shares of the company were exchanged, compared to its average volume of 2,293,586. Royal Caribbean Cruises Ltd. has a 1 year low of $130.08 and a 1 year high of $277.08. The stock's fifty day moving average is $212.05 and its 200 day moving average is $229.90. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The firm has a market cap of $69.42 billion, a PE ratio of 23.91, a PEG ratio of 0.90 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.53 by $0.18. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. Royal Caribbean Cruises's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.77 earnings per share. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.17%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Royal Caribbean Cruises declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

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.