Exchange Traded Concepts LLC Boosts Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Exchange Traded Concepts LLC grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 241.5% in the third quarter, Holdings Channel.com reports. The firm owned 888 shares of the company’s stock after buying an additional 628 shares during the period. Exchange Traded Concepts LLC’s holdings in Royal Caribbean Cruises were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RCL. Park Avenue Securities LLC boosted its position in Royal Caribbean Cruises by 20.7% during the first quarter. Park Avenue Securities LLC now owns 6,742 shares of the company’s stock worth $937,000 after purchasing an additional 1,157 shares during the period. &PARTNERS bought a new position in Royal Caribbean Cruises during the first quarter worth about $307,000. Ballentine Partners LLC boosted its position in Royal Caribbean Cruises by 2.7% during the first quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock worth $598,000 after purchasing an additional 115 shares during the period. Harbor Investment Advisory LLC boosted its position in Royal Caribbean Cruises by 1,756.7% during the first quarter. Harbor Investment Advisory LLC now owns 2,785 shares of the company’s stock worth $387,000 after purchasing an additional 2,635 shares during the period. Finally, Riverview Trust Co bought a new position in Royal Caribbean Cruises during the first quarter worth about $124,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.0 %

Shares of RCL opened at $199.93 on Tuesday. The firm’s 50 day simple moving average is $172.75 and its 200 day simple moving average is $157.37. The company has a market capitalization of $51.45 billion, a P/E ratio of 25.76, a P/E/G ratio of 0.57 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $204.37.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The business 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%. Royal Caribbean Cruises’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.82 earnings per share. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

Insiders Place Their Bets

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 shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Naftali Holtz purchased 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the purchase, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

RCL has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Mizuho raised their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $189.06.

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.