GAMMA Investing LLC Buys 633 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

GAMMA Investing LLC lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,340 shares of the company’s stock after buying an additional 633 shares during the quarter. GAMMA Investing LLC’s holdings in Royal Caribbean Cruises were worth $1,463,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Royal Caribbean Cruises by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after buying an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. raised its holdings in Royal Caribbean Cruises by 3.8% in the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock worth $278,502,000 after acquiring an additional 58,159 shares during the last quarter. Swiss National Bank lifted its position in Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after acquiring an additional 3,800 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Royal Caribbean Cruises by 2.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock valued at $104,918,000 after acquiring an additional 13,520 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Royal Caribbean Cruises by 4.0% during the 2nd quarter. APG Asset Management N.V. now owns 461,762 shares of the company’s stock valued at $68,690,000 after purchasing an additional 17,601 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Macquarie upped their price target on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price on the stock. Barclays raised their price target on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $239.75.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the sale, the director now directly owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock valued at $94,299,521 over the last three months. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $228.94 on Friday. The stock’s fifty day moving average is $233.18 and its 200 day moving average is $189.97. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a market cap of $61.56 billion, a P/E ratio of 23.53, a P/E/G ratio of 0.65 and a beta of 2.59.

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

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.96%. Royal Caribbean Cruises’s payout ratio is currently 22.61%.

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.