Ellis Investment Partners LLC Has $1.09 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Ellis Investment Partners LLC grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.4% during the third quarter, HoldingsChannel.com reports. The firm owned 6,152 shares of the company’s stock after buying an additional 259 shares during the period. Ellis Investment Partners LLC’s holdings in Royal Caribbean Cruises were worth $1,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RCL. Blair William & Co. IL grew its holdings in Royal Caribbean Cruises by 37.4% during the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after purchasing an additional 27,819 shares during the period. Wedge Capital Management L L P NC grew its holdings in shares of Royal Caribbean Cruises by 2.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after buying an additional 7,298 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after buying an additional 5,655 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Royal Caribbean Cruises by 8.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company’s stock worth $6,310,000 after buying an additional 2,640 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Laura H. Bethge sold 3,073 shares of the firm’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 sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Down 1.1 %

Shares of NYSE RCL traded down $2.14 during mid-day trading on Friday, hitting $200.91. The company had a trading volume of 979,773 shares, compared to its average volume of 2,387,292. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The firm has a 50-day simple moving average of $176.41 and a two-hundred day simple moving average of $159.08. The company has a market capitalization of $51.70 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 0.58 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $204.37.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.61 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Susquehanna boosted their target price on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Tigress Financial increased their target price on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Stifel Nicolaus increased 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 report on Friday, October 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $197.27.

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.