Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Brooklyn Investment Group

Brooklyn Investment Group increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,065 shares of the company’s stock after purchasing an additional 99 shares during the period. Brooklyn Investment Group’s holdings in Royal Caribbean Cruises were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its stake in Royal Caribbean Cruises by 19.3% in the 1st 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. Bluefin Capital Management LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $243,000. Atria Investments Inc purchased a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $1,190,000. Cetera Investment Advisers lifted its stake in Royal Caribbean Cruises by 162.4% in the 1st quarter. Cetera Investment Advisers now owns 48,241 shares of the company’s stock worth $6,706,000 after purchasing an additional 29,854 shares in the last quarter. Finally, Cetera Advisors LLC lifted its stake in Royal Caribbean Cruises by 51.6% in the 1st quarter. Cetera Advisors LLC now owns 11,629 shares of the company’s stock worth $1,617,000 after purchasing an additional 3,958 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the transaction, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 407,405 shares of company stock valued at $94,817,966. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.7 %

Shares of RCL opened at $244.50 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The firm’s 50-day moving average is $203.96 and its two-hundred day moving average is $173.13. Royal Caribbean Cruises Ltd. has a twelve month low of $103.99 and a twelve month high of $245.91. The firm has a market capitalization of $65.74 billion, a P/E ratio of 25.13, a PEG ratio of 0.63 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the firm earned $3.85 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday. They issued an “outperform” rating and a $290.00 target price for the company. Tigress Financial lifted their price objective on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Bank of America boosted their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley boosted 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. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.38.

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.