&Partners Acquires Shares of 2,368 Royal Caribbean Cruises Ltd. (NYSE:RCL)

&Partners acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,368 shares of the company’s stock, valued at approximately $307,000.

Several other large investors have also recently made changes to their positions in RCL. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth approximately $463,000. Envestnet Asset Management Inc. lifted its position in Royal Caribbean Cruises by 45.8% during the third quarter. Envestnet Asset Management Inc. now owns 200,714 shares of the company’s stock valued at $18,494,000 after purchasing an additional 63,026 shares during the last quarter. CI Investments Inc. grew its stake in shares of Royal Caribbean Cruises by 106.1% in the 3rd quarter. CI Investments Inc. now owns 643 shares of the company’s stock worth $59,000 after buying an additional 331 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Royal Caribbean Cruises by 285.6% in the 3rd quarter. Hsbc Holdings PLC now owns 23,463 shares of the company’s stock worth $2,165,000 after buying an additional 17,378 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Royal Caribbean Cruises by 5.8% in the 3rd quarter. LPL Financial LLC now owns 121,223 shares of the company’s stock worth $11,170,000 after buying an additional 6,691 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the transaction, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the sale, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Insiders sold a total of 152,884 shares of company stock worth $22,052,985 in the last 90 days. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $151.12 on Monday. The firm has a 50 day moving average of $144.24 and a 200 day moving average of $132.39. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. The company has a market capitalization of $38.89 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 0.45 and a beta of 2.56. Royal Caribbean Cruises Ltd. has a 52 week low of $78.35 and a 52 week high of $157.58.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.23) EPS. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RCL has been the subject of several recent research reports. Susquehanna lifted their price target on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Truist Financial boosted their target price on Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company raised their price target on Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Mizuho boosted their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, UBS Group raised their target price on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $155.07.

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.