Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Position Raised by Signaturefd LLC

Signaturefd LLC raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,775 shares of the company’s stock after buying an additional 254 shares during the quarter. Signaturefd LLC’s holdings in Royal Caribbean Cruises were worth $877,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RCL. BKM Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at about $26,000. ST Germain D J Co. Inc. increased its stake in shares of Royal Caribbean Cruises by 65.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $33,000. Hanseatic Management Services Inc. acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at approximately $36,000. Finally, West Branch Capital LLC lifted its position in shares of Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RCL shares. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Wells Fargo & Company boosted their target price on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Morgan Stanley raised their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $136.94.

Royal Caribbean Cruises Trading Up 2.2 %

Royal Caribbean Cruises stock opened at $132.04 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises Ltd. has a 52 week low of $59.37 and a 52 week high of $141.70. The stock has a 50-day moving average price of $128.51 and a 200 day moving average price of $116.50. The company has a market capitalization of $33.89 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The business’s revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the firm posted ($1.12) EPS. Sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current year.

Insider Activity

In related news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.