Private Advisor Group LLC Boosts Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Private Advisor Group LLC lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,689 shares of the company’s stock after purchasing an additional 1,319 shares during the quarter. Private Advisor Group LLC’s holdings in Royal Caribbean Cruises were worth $1,896,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Unique Wealth Strategies LLC purchased a new position in shares of Royal Caribbean Cruises in the second quarter valued at $27,000. Versant Capital Management Inc grew its holdings in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its holdings in shares of Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Royal Caribbean Cruises by 50.3% in the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RCL shares. Truist Financial lifted their price objective on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Susquehanna lifted their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, July 30th. Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $204.00 to $253.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.27.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $210.21 on Wednesday. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The business has a 50-day moving average price of $178.28 and a 200 day moving average price of $160.35. The company has a market capitalization of $54.10 billion, a P/E ratio of 22.92, a PEG ratio of 0.58 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 1-year low of $83.25 and a 1-year high of $214.12.

Insider Activity at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’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 completion of the transaction, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Company 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.