Blue Trust Inc. Buys 1,006 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Blue Trust Inc. raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 262.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,390 shares of the company’s stock after purchasing an additional 1,006 shares during the period. Blue Trust Inc.’s holdings in Royal Caribbean Cruises were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Blair William & Co. IL raised its stake in shares of Royal Caribbean Cruises by 37.4% in the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after buying an additional 27,819 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Royal Caribbean Cruises by 2.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after buying an additional 7,298 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after buying an additional 5,655 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Royal Caribbean Cruises by 8.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company’s stock valued at $6,310,000 after buying an additional 2,640 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. The Goldman Sachs Group increased their price objective on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. 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. Susquehanna increased 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. Finally, Bank of America increased their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $197.27.

Royal Caribbean Cruises Stock Up 0.9 %

Shares of NYSE:RCL opened at $203.05 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $204.37. The company’s 50-day moving average price is $174.69 and its two-hundred day moving average price is $158.15. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The firm has a market cap of $52.25 billion, a P/E ratio of 22.14, a P/E/G ratio of 0.58 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.45. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.61 EPS for the current fiscal year.

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.