Versant Capital Management Inc Buys 200 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Versant Capital Management Inc raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 58.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 545 shares of the company’s stock after acquiring an additional 200 shares during the period. Versant Capital Management Inc’s holdings in Royal Caribbean Cruises were worth $126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. D1 Capital Partners L.P. boosted its stake in Royal Caribbean Cruises by 105.7% in the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after purchasing an additional 777,103 shares during the period. International Assets Investment Management LLC boosted its position in shares of Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after acquiring an additional 406,048 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Royal Caribbean Cruises by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after acquiring an additional 400,565 shares in the last quarter. Forest Avenue Capital Management LP bought a new position in Royal Caribbean Cruises during the second quarter worth about $35,038,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Royal Caribbean Cruises by 809.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company’s stock worth $27,601,000 after purchasing an additional 154,090 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial upped their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Barclays raised their price target on Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Bank of America upped their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.75.

Royal Caribbean Cruises Stock Down 0.0 %

Shares of RCL opened at $228.94 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $258.70. The stock has a market capitalization of $61.56 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 0.65 and a beta of 2.59. The stock has a fifty day moving average of $233.18 and a 200-day moving average of $189.97.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate 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 firm 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 company earned $3.85 earnings per share. The business’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 22.61%.

Insider Activity

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 404,332 shares of company stock valued at $94,299,521. Insiders own 7.95% of the company’s stock.

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.