GLOBALT Investments LLC GA Boosts Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

GLOBALT Investments LLC GA lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,601 shares of the company’s stock after acquiring an additional 142 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Royal Caribbean Cruises were worth $1,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Marathon Trading Investment Management LLC bought a new position in Royal Caribbean Cruises in the third quarter worth approximately $349,000. Swiss National Bank raised its position in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after acquiring an additional 3,800 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Royal Caribbean Cruises by 11.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 23,040 shares of the company’s stock worth $4,086,000 after purchasing an additional 2,286 shares during the last quarter. Accent Capital Management LLC boosted its position in Royal Caribbean Cruises by 2,127.1% during the third quarter. Accent Capital Management LLC now owns 2,962 shares of the company’s stock valued at $525,000 after purchasing an additional 2,829 shares in the last quarter. Finally, Mount Lucas Management LP grew its stake in Royal Caribbean Cruises by 2.6% in the third quarter. Mount Lucas Management LP now owns 7,073 shares of the company’s stock valued at $1,254,000 after purchasing an additional 182 shares during the last quarter. 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 stock in a transaction 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 sale, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises 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 completion of the transaction, the director now directly owns 204,521 shares of the company’s stock, valued at $42,953,500.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,796 shares of company stock worth $7,170,759 over the last quarter. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Performance

RCL opened at $231.76 on Tuesday. 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 Ltd. has a 12-month low of $102.77 and a 12-month high of $238.10. The firm has a 50 day moving average of $195.09 and a two-hundred day moving average of $168.99. The firm has a market capitalization of $62.32 billion, a PE ratio of 23.82, a P/E/G ratio of 0.61 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the company posted $3.85 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on RCL shares. Stifel Nicolaus increased 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 report on Friday, October 11th. Morgan Stanley increased their target price 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. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday. Finally, Macquarie raised their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Royal Caribbean Cruises Company 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.