Banco Santander S.A. Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Banco Santander S.A. purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,117 shares of the company’s stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RCL. Plato Investment Management Ltd acquired a new position in Royal Caribbean Cruises during the third quarter worth about $26,000. Unique Wealth Strategies LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at about $27,000. Versant Capital Management Inc grew its stake in shares of Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares during the last quarter. DiNuzzo Private Wealth Inc. raised its holdings in shares of Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its holdings in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after buying an additional 140 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

RCL opened at $241.49 on Friday. The stock has a fifty day moving average price of $201.02 and a 200 day moving average price of $171.49. Royal Caribbean Cruises Ltd. has a 1 year low of $103.61 and a 1 year high of $242.20. The stock has a market cap of $64.93 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.63 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share 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 firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the company earned $3.85 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on RCL. UBS Group increased their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Bank of America boosted their price objective on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. StockNews.com lowered shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Monday, November 18th. Finally, Citigroup lifted their target price on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Insider Activity at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 407,405 shares of company stock worth $94,817,966. 7.95% of the stock is owned by insiders.

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.