Advisors Asset Management Inc. Sells 85 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Advisors Asset Management Inc. reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,287 shares of the company’s stock after selling 85 shares during the period. Advisors Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $1,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BOKF NA raised its stake in shares of Royal Caribbean Cruises by 1.6% in the first quarter. BOKF NA now owns 8,802 shares of the company’s stock valued at $1,237,000 after acquiring an additional 135 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Royal Caribbean Cruises by 19.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock worth $670,000 after purchasing an additional 779 shares in the last quarter. Beacon Capital Management LLC grew its holdings in shares of Royal Caribbean Cruises by 19.5% during the first quarter. Beacon Capital Management LLC now owns 1,603 shares of the company’s stock worth $223,000 after purchasing an additional 262 shares during the last quarter. Bluefin Capital Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at $243,000. Finally, Atria Investments Inc bought a new position in shares of Royal Caribbean Cruises in the first quarter valued at about $1,190,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Royal Caribbean Cruises Stock Down 0.4 %

Royal Caribbean Cruises stock opened at $240.47 on Tuesday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $103.99 and a fifty-two week high of $244.27. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a market capitalization of $64.66 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 0.64 and a beta of 2.59. The company’s 50 day simple moving average is $202.43 and its 200 day simple moving average is $172.40.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the business posted $3.85 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Macquarie increased their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.