Legacy Financial Advisors Inc. Has $348,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Legacy Financial Advisors Inc. grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,184 shares of the company’s stock after purchasing an additional 133 shares during the period. Legacy Financial Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $348,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RCL. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth about $26,000. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Creekmur Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $30,000. Versant Capital Management Inc boosted its holdings 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 valued at $30,000 after buying an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

RCL has been the topic of several analyst reports. Susquehanna upped their price target 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. Bank of America upped their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. StockNews.com cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, September 16th. Stifel Nicolaus upped their price objective 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. Finally, Macquarie raised their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.31.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $174.05 on Friday. 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 firm has a market cap of $44.79 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 0.49 and a beta of 2.61. The stock’s fifty day moving average price is $160.46 and its two-hundred day moving average price is $149.38. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $174.48.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating the consensus estimate 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 company posted $1.82 earnings per share. Royal Caribbean Cruises’s revenue was up 16.4% compared to the same quarter last year. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

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

Insider Activity

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction on 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 owns 25,837 shares in the company, valued at approximately $4,095,164.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of the company’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 sale, the director now directly owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Company 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.