Mather Group LLC. Has $427,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mather Group LLC. raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.8% in the second quarter, Holdings Channel.com reports. The firm owned 2,679 shares of the company’s stock after acquiring an additional 404 shares during the period. Mather Group LLC.’s holdings in Royal Caribbean Cruises were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RCL. Scarborough Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at $26,000. Creekmur Asset Management LLC bought a new position in Royal Caribbean Cruises in the fourth quarter valued at about $30,000. Versant Capital Management Inc boosted its stake in Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $33,000. Finally, Richardson Capital Management LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $42,000. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Trading Up 7.6 %

RCL traded up $10.61 during trading on Tuesday, reaching $150.38. The company had a trading volume of 5,830,852 shares, compared to its average volume of 2,594,023. Royal Caribbean Cruises Ltd. has a 52 week low of $78.35 and a 52 week high of $173.37. The stock has a market cap of $38.70 billion, a P/E ratio of 19.38, a PEG ratio of 0.39 and a beta of 2.62. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The business has a 50 day simple moving average of $156.46 and a 200-day simple moving average of $140.17.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company earned $1.82 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RCL shares. Macquarie boosted their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Barclays boosted their target price on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Susquehanna upped their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, July 30th. UBS Group increased their price target 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. Finally, Argus increased their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $179.69.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, insider Richard D. Fain 19,338 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Michael W. Bayley sold 24,201 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the completion of the transaction, the chief executive officer now directly owns 98,850 shares in the company, valued at $13,859,758.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard D. Fain 19,338 shares of the firm’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders have sold 92,940 shares of company stock worth $13,667,094 over the last quarter. Insiders own 7.95% of the company’s stock.

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.