Trust Investment Advisors Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Trust Investment Advisors acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,421 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds have also recently made changes to their positions in the company. Blair William & Co. IL grew its stake in Royal Caribbean Cruises by 37.4% during the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after purchasing an additional 27,819 shares during the last quarter. Franklin Resources Inc. boosted its position in Royal Caribbean Cruises by 12.0% in the fourth quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock valued at $21,577,000 after buying an additional 17,815 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after buying an additional 5,655 shares during the period. Virtu Financial LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $765,000. Finally, Cibc World Markets Corp raised its position in Royal Caribbean Cruises by 40.9% during the 4th quarter. Cibc World Markets Corp now owns 59,677 shares of the company’s stock worth $7,728,000 after buying an additional 17,316 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Royal Caribbean Cruises news, CFO Naftali Holtz acquired 5,350 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The disclosure for this sale can be found here. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $171.61 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a market capitalization of $44.16 billion, a PE ratio of 22.11, a P/E/G ratio of 0.49 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $173.40. The company has a fifty day moving average of $160.31 and a two-hundred day moving average of $148.88.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping 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 firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RCL shares. Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their price target on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Mizuho boosted their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Susquehanna raised their target price on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Finally, Bank of America boosted their price target on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.31.

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.