Pathstone Holdings LLC Sells 525 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Pathstone Holdings LLC decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,523 shares of the company’s stock after selling 525 shares during the quarter. Pathstone Holdings LLC’s holdings in Royal Caribbean Cruises were worth $7,544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RCL. Bessemer Group Inc. increased its stake in shares of Royal Caribbean Cruises by 411.0% in the 1st quarter. Bessemer Group Inc. now owns 14,119 shares of the company’s stock valued at $1,962,000 after acquiring an additional 11,356 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Royal Caribbean Cruises by 7.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 96,265 shares of the company’s stock worth $13,379,000 after purchasing an additional 6,780 shares in the last quarter. Pitcairn Co. boosted its holdings in Royal Caribbean Cruises by 3.8% in the first quarter. Pitcairn Co. now owns 2,376 shares of the company’s stock worth $330,000 after acquiring an additional 88 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $988,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Royal Caribbean Cruises by 4.2% during the first quarter. Advisors Asset Management Inc. now owns 13,355 shares of the company’s stock valued at $1,856,000 after acquiring an additional 536 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on RCL shares. Mizuho upped their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. The Goldman Sachs Group upped their price objective on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Truist Financial raised their target price on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the sale, the director now directly owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 407,405 shares of company stock worth $94,817,966. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Trading Up 1.0 %

Shares of Royal Caribbean Cruises stock opened at $238.20 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1 year low of $103.61 and a 1 year high of $239.39. The firm has a market cap of $64.05 billion, a PE ratio of 24.48, a PEG ratio of 0.62 and a beta of 2.59. The company has a 50 day simple moving average of $199.55 and a two-hundred day simple moving average of $170.60.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.85 EPS. Analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

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.