Janney Montgomery Scott LLC Sells 2,274 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Janney Montgomery Scott LLC lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,156 shares of the company’s stock after selling 2,274 shares during the period. Janney Montgomery Scott LLC’s holdings in Royal Caribbean Cruises were worth $7,477,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Csenge Advisory Group increased its holdings in Royal Caribbean Cruises by 30.3% in the 1st quarter. Csenge Advisory Group now owns 2,075 shares of the company’s stock valued at $288,000 after buying an additional 483 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Royal Caribbean Cruises by 32.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,834 shares of the company’s stock valued at $950,000 after acquiring an additional 1,672 shares during the last quarter. Empowered Funds LLC raised its position in Royal Caribbean Cruises by 1,397.2% during the first quarter. Empowered Funds LLC now owns 33,733 shares of the company’s stock valued at $4,689,000 after purchasing an additional 31,480 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Royal Caribbean Cruises by 179.6% during the first quarter. Oppenheimer & Co. Inc. now owns 15,610 shares of the company’s stock worth $2,170,000 after purchasing an additional 10,028 shares during the last quarter. Finally, Forsta AP Fonden boosted its holdings in shares of Royal Caribbean Cruises by 260.1% in the 1st quarter. Forsta AP Fonden now owns 65,900 shares of the company’s stock valued at $9,161,000 after purchasing an additional 47,600 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The trade was a 0.00 % 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. In other news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now owns 25,837 shares in the company, valued at $4,095,164.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,596 shares of company stock valued at $8,090,059. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $225.28 on Friday. The stock’s 50 day moving average is $186.20 and its 200 day moving average is $164.61. Royal Caribbean Cruises Ltd. has a one year low of $92.15 and a one year high of $228.08. The firm has a market cap of $60.57 billion, a P/E ratio of 23.15, a P/E/G ratio of 0.60 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the firm posted $3.85 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RCL shares. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Mizuho boosted their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their price target on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $218.00.

Royal Caribbean Cruises 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.