Aptus Capital Advisors LLC Has $291,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Aptus Capital Advisors LLC lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,638 shares of the company’s stock after buying an additional 132 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Royal Caribbean Cruises were worth $291,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. DiNuzzo Private Wealth Inc. raised its holdings in Royal Caribbean Cruises by 257.4% during 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 during the last quarter. Unique Wealth Strategies LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $27,000. Versant Capital Management Inc boosted its position 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. AlphaMark Advisors LLC boosted its position in Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Royal Caribbean Cruises by 50.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Trading Down 0.7 %

RCL opened at $231.49 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $101.04 and a one year high of $238.10. The stock has a market cap of $62.24 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 0.62 and a beta of 2.59. The stock’s 50 day moving average price is $193.66 and its 200-day moving average price is $167.91. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19.

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

Insider Activity at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 25,000 shares of the company’s 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 owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,796 shares of company stock valued at $7,170,759. 7.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RCL shares. The Goldman Sachs Group increased their price target on Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Citigroup lifted their price target on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group boosted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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.