Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,201 shares of the company’s stock after buying an additional 789 shares during the period. Assenagon Asset Management S.A.’s holdings in Royal Caribbean Cruises were worth $829,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Scarborough Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at $30,000. Versant Capital Management Inc raised its stake in shares of Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares in the last quarter. AlphaMark Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after buying an additional 140 shares in the last quarter. Finally, Richardson Capital Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at $42,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Truist Financial boosted their price target on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. lifted 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 report on Wednesday, July 24th. Argus increased their price objective on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Barclays lifted their target price on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, UBS Group boosted their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $182.13.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $163.08 on Friday. Royal Caribbean Cruises Ltd. has a 52 week low of $78.35 and a 52 week high of $173.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The company 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’s 50 day moving average price is $157.52 and its 200 day moving average price is $142.95.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results 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 net margin of 16.32% and a return on equity of 52.49%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business posted $1.82 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% compared to the same quarter last year. Research analysts expect that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Naftali Holtz purchased 5,350 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $140.00 per share, with a total value of $749,000.00. Following the purchase, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

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.