Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC trimmed its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.9% in the third quarter, Holdings Channel.com reports. The firm owned 5,463 shares of the company’s stock after selling 49 shares during the quarter. Townsquare Capital LLC’s holdings in Royal Caribbean Cruises were worth $969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atria Investments Inc acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth $1,190,000. Cetera Investment Advisers raised its holdings in shares of Royal Caribbean Cruises by 162.4% in the 1st quarter. Cetera Investment Advisers now owns 48,241 shares of the company’s stock worth $6,706,000 after purchasing an additional 29,854 shares during the period. Cetera Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 51.6% in the 1st quarter. Cetera Advisors LLC now owns 11,629 shares of the company’s stock valued at $1,617,000 after purchasing an additional 3,958 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 67.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,158 shares of the company’s stock worth $162,000 after purchasing an additional 465 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in Royal Caribbean Cruises by 11.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the company’s stock worth $183,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the transaction, the director now owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RCL has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Truist Financial upped their price target on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday. Tigress Financial raised their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley upped their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Bank of America raised their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $228.63.

Royal Caribbean Cruises Trading Up 1.0 %

NYSE RCL opened at $246.41 on Tuesday. The company’s fifty day moving average price is $208.22 and its two-hundred day moving average price is $175.28. The company has a market capitalization of $66.25 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 0.64 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 12 month low of $110.66 and a 12 month high of $249.52. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the firm earned $3.85 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

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.