Pitcairn Co. Has $390,000 Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Pitcairn Co. lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 19.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,199 shares of the company’s stock after selling 537 shares during the period. Pitcairn Co.’s holdings in Royal Caribbean Cruises were worth $390,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at $26,000. Unique Wealth Strategies LLC acquired a new stake in Royal Caribbean Cruises in the second quarter worth about $27,000. Versant Capital Management Inc raised its holdings 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 purchasing an additional 172 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted its position in Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the period. Finally, AlphaMark Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Insiders Place Their Bets

In related news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction dated 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 in the company, 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 SEC, which is accessible through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 407,405 shares of company stock valued at $94,817,966 in the last quarter. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Trading Up 1.7 %

RCL opened at $244.50 on Wednesday. The stock has a market capitalization of $65.74 billion, a P/E ratio of 25.13, a P/E/G ratio of 0.64 and a beta of 2.59. 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 $103.99 and a 12 month high of $245.91. The firm’s fifty day simple moving average is $203.96 and its 200 day simple moving average is $173.13.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion for 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 company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.85 earnings per share. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. Citigroup increased 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. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. increased their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley boosted their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.38.

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 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.