GKV Capital Management Co. Inc. Acquires New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

GKV Capital Management Co. Inc. acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 193 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors also recently bought and sold shares of RCL. Brighton Jones LLC increased its holdings in Royal Caribbean Cruises by 12.2% during the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after buying an additional 143 shares during the period. Mariner LLC increased its holdings in Royal Caribbean Cruises by 6.8% during the fourth quarter. Mariner LLC now owns 84,451 shares of the company’s stock valued at $19,484,000 after buying an additional 5,376 shares during the period. CreativeOne Wealth LLC increased its holdings in Royal Caribbean Cruises by 3.3% during the fourth quarter. CreativeOne Wealth LLC now owns 8,070 shares of the company’s stock valued at $1,862,000 after buying an additional 258 shares during the period. Belpointe Asset Management LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $313,000. Finally, Insigneo Advisory Services LLC increased its holdings in Royal Caribbean Cruises by 6.4% during the fourth quarter. Insigneo Advisory Services LLC now owns 3,321 shares of the company’s stock valued at $766,000 after buying an additional 200 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction on Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director directly owned 165,421 shares of the company’s stock, valued at $41,868,055.10. The trade was a 10.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,807 shares of company stock valued at $11,652,630 in the last ninety days. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Up 0.1%

NYSE RCL opened at $313.44 on Thursday. The company has a market capitalization of $85.14 billion, a PE ratio of 23.50, a P/E/G ratio of 0.88 and a beta of 2.22. The company has a fifty day moving average of $311.20 and a 200 day moving average of $257.81. Royal Caribbean Cruises Ltd. has a 1 year low of $150.33 and a 1 year high of $355.91. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.21 earnings per share. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Analysts Set New Price Targets

RCL has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Northcoast Research initiated coverage on shares of Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a “buy” rating and a $279.00 target price for the company. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, June 28th. Sanford C. Bernstein raised their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Susquehanna restated a “positive” rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $323.10.

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.