14,954 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by Toroso Investments LLC

Toroso Investments LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,954 shares of the company’s stock, valued at approximately $976,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Manchester Capital Management LLC bought a new position in Royal Caribbean Cruises during the first quarter worth $25,000. Front Row Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 134.3% during the first quarter. Front Row Advisors LLC now owns 410 shares of the company’s stock valued at $27,000 after buying an additional 235 shares during the last quarter. Prostatis Group LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter worth about $32,000. Barrett & Company Inc. purchased a new position in Royal Caribbean Cruises in the first quarter worth $33,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Royal Caribbean Cruises during the first quarter valued at about $36,000. Institutional investors own 75.64% of the company’s stock.

Royal Caribbean Cruises Trading Down 1.5 %

Shares of NYSE:RCL opened at $95.94 on Tuesday. The business’s 50-day moving average is $101.25 and its 200 day moving average is $85.32. The company has a debt-to-equity ratio of 5.28, a current ratio of 0.20 and a quick ratio of 0.18. Royal Caribbean Cruises Ltd. has a 1 year low of $36.92 and a 1 year high of $112.95. The firm has a market capitalization of $24.58 billion, a P/E ratio of -299.79 and a beta of 2.47.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.58 by $0.24. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.41 billion. Royal Caribbean Cruises had a positive return on equity of 6.76% and a negative net margin of 0.47%. Royal Caribbean Cruises’s quarterly revenue was up 61.3% compared to the same quarter last year. During the same period last year, the company earned ($2.08) earnings per share. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 6.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RCL has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Royal Caribbean Cruises from $135.00 to $130.00 and set a “buy” rating for the company in a report on Friday. Morgan Stanley increased their price objective on Royal Caribbean Cruises from $70.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $100.00 to $103.00 in a research report on Monday, June 12th. Argus boosted their price objective on shares of Royal Caribbean Cruises from $88.00 to $92.00 in a research note on Wednesday, May 31st. Finally, Susquehanna increased their target price on shares of Royal Caribbean Cruises from $85.00 to $127.00 and gave the stock a “positive” rating in a research note on Friday, July 28th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.69.

Insider Buying and Selling

In other news, CFO Naftali Holtz sold 5,949 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $110.62, for a total transaction of $658,078.38. Following the sale, the chief financial officer now owns 30,967 shares of the company’s stock, valued at approximately $3,425,569.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 18,908 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $106.74, for a total transaction of $2,018,239.92. Following the completion of the sale, the chief accounting officer now directly owns 23,521 shares of the company’s stock, valued at approximately $2,510,631.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Naftali Holtz sold 5,949 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $110.62, for a total value of $658,078.38. Following the completion of the transaction, the chief financial officer now owns 30,967 shares in the company, valued at $3,425,569.54. The disclosure for this sale can be found here. Insiders have sold a total of 44,857 shares of company stock valued at $4,650,818 in the last ninety days. Company insiders own 8.70% of the company’s stock.

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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.