&Partners Buys 1,613 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

&Partners boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 68.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,981 shares of the company’s stock after acquiring an additional 1,613 shares during the period. &Partners’ holdings in Royal Caribbean Cruises were worth $635,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 172 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth $26,000. AlphaMark Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. Creekmur Asset Management LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter worth about $30,000. Finally, Richardson Capital Management LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter worth about $42,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the transaction, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the transaction, the director now directly owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the transaction, the director now directly owns 179,117 shares of the company’s stock, valued at approximately $27,576,853.32. The disclosure for this sale can be found here. Insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 3.3 %

NYSE RCL opened at $163.08 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $173.37. The stock has a market capitalization of $41.97 billion, a PE ratio of 21.02, a PEG ratio of 0.44 and a beta of 2.62. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The business’s 50-day moving average is $157.52 and its 200 day moving average is $142.95.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $1.82 EPS. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RCL shares. Argus upped their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Bank of America raised their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their price target on shares of Royal Caribbean Cruises from $175.00 to $210.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.13.

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.