Signaturefd LLC Increases Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Signaturefd LLC grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,209 shares of the company’s stock after buying an additional 200 shares during the quarter. Signaturefd LLC’s holdings in Royal Caribbean Cruises were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors boosted its holdings in Royal Caribbean Cruises by 1.0% during the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after buying an additional 286,868 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 0.5% in the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock worth $3,532,143,000 after acquiring an additional 132,079 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Royal Caribbean Cruises by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after acquiring an additional 400,565 shares during the period. D1 Capital Partners L.P. increased its stake in shares of Royal Caribbean Cruises by 105.7% in the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after purchasing an additional 777,103 shares in the last quarter. Finally, Capital International Inc. CA increased its stake in shares of Royal Caribbean Cruises by 3.3% in the 1st quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock valued at $83,672,000 after purchasing an additional 19,065 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $201.14 on Thursday. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $204.37. The stock has a market cap of $51.76 billion, a PE ratio of 21.93, a P/E/G ratio of 0.57 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a 50 day moving average price of $174.69 and a 200 day moving average price of $158.15.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.82 EPS. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a — dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s payout ratio is currently 17.45%.

Insiders Place Their Bets

In other news, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on RCL shares. Macquarie raised their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Mizuho lifted their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Barclays upped their price objective on shares of Royal Caribbean Cruises from $195.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Tigress Financial boosted their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.27.

Royal Caribbean Cruises Company 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.