Insigneo Advisory Services LLC Has $311,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Insigneo Advisory Services LLC trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 43.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,949 shares of the company’s stock after selling 1,498 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Royal Caribbean Cruises were worth $311,000 at the end of the most recent quarter.

Several other institutional investors 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 acquiring an additional 27,819 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Royal Caribbean Cruises by 17.2% during the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after purchasing an additional 5,655 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $765,000. Cibc World Markets Corp lifted its stake in shares of Royal Caribbean Cruises by 40.9% in the fourth 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. Finally, Focus Financial Network Inc. ADV bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $327,000. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Down 2.9 %

NYSE RCL opened at $177.51 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $184.41. The company has a market capitalization of $45.68 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 0.50 and a beta of 2.61. The stock’s 50 day moving average is $161.41 and its two-hundred day moving average is $150.68. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20.

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, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the firm posted $1.82 EPS. Royal Caribbean Cruises’s quarterly revenue was up 16.4% compared to the same quarter last year. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is presently 20.62%.

Insider Transactions at Royal Caribbean Cruises

In related news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Naftali Holtz purchased 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the transaction, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on RCL. UBS Group boosted their target price on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Macquarie increased their target price on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Susquehanna boosted 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.13.

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.