1,356 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,356 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds have also recently made changes to their positions in the company. Forsta AP Fonden grew its holdings in shares of Royal Caribbean Cruises by 10.9% during the third quarter. Forsta AP Fonden now owns 66,300 shares of the company’s stock worth $11,759,000 after purchasing an additional 6,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Royal Caribbean Cruises by 68.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,167 shares of the company’s stock valued at $3,403,000 after purchasing an additional 7,817 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in Royal Caribbean Cruises by 4.0% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,036 shares of the company’s stock worth $540,000 after buying an additional 116 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Royal Caribbean Cruises by 3.8% in the 3rd quarter. Ballentine Partners LLC now owns 4,677 shares of the company’s stock worth $830,000 after buying an additional 172 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at $639,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Naftali Holtz acquired 5,350 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. This trade represents 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

Several brokerages have issued reports on RCL. Susquehanna lifted their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upped their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. The Goldman Sachs Group lifted their price target on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Finally, Citigroup lifted their target price on shares of Royal Caribbean Cruises from $204.00 to $253.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $197.27.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $203.58 on Tuesday. 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 stock has a fifty day moving average of $177.25 and a 200 day moving average of $159.77. The firm has a market capitalization of $52.39 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 0.58 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 52 week low of $83.25 and a 52 week high of $207.70.

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.