Choreo LLC Buys New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Choreo LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 7,870 shares of the company’s stock, valued at approximately $1,234,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Royal Caribbean Cruises by 2.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,162 shares of the company’s stock valued at $668,000 after purchasing an additional 140 shares during the period. Principal Financial Group Inc. grew its position in Royal Caribbean Cruises by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 276,834 shares of the company’s stock valued at $35,847,000 after acquiring an additional 1,903 shares during the period. Avantax Advisory Services Inc. raised its stake in Royal Caribbean Cruises by 1.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,007 shares of the company’s stock worth $1,555,000 after acquiring an additional 178 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Royal Caribbean Cruises by 12.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 239,831 shares of the company’s stock valued at $31,056,000 after acquiring an additional 25,804 shares during the period. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 10.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 2,766 shares of the company’s stock valued at $351,000 after acquiring an additional 265 shares during the period. Institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Mizuho increased their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Bank of America boosted their price objective on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Citigroup lifted their price target on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Tigress Financial increased their price objective on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Susquehanna upped their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.13.

Insiders Place Their Bets

In other news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related 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 sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 2.1 %

Shares of Royal Caribbean Cruises stock opened at $165.57 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $173.37. 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 company has a market capitalization of $42.61 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 0.45 and a beta of 2.61. The business has a 50-day moving average of $159.52 and a two-hundred day moving average of $147.26.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.76 by $0.45. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $1.82 EPS. As a group, equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is presently 20.62%.

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.