Verdence Capital Advisors LLC Cuts Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Verdence Capital Advisors LLC lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,358 shares of the company’s stock after selling 148 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Royal Caribbean Cruises were worth $305,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RCL. CWM LLC raised its stake in shares of Royal Caribbean Cruises by 8.6% during the third quarter. CWM LLC now owns 11,313 shares of the company’s stock worth $1,042,000 after purchasing an additional 898 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in Royal Caribbean Cruises in the third quarter worth $307,000. State of Alaska Department of Revenue raised its position in Royal Caribbean Cruises by 2.8% in the third quarter. State of Alaska Department of Revenue now owns 28,010 shares of the company’s stock worth $2,580,000 after acquiring an additional 750 shares in the last quarter. Oak Thistle LLC purchased a new position in Royal Caribbean Cruises in the third quarter worth $688,000. Finally, Czech National Bank raised its position in Royal Caribbean Cruises by 58.2% in the third quarter. Czech National Bank now owns 41,191 shares of the company’s stock worth $3,795,000 after acquiring an additional 15,158 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 3.5 %

RCL opened at $136.67 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The firm has a market cap of $35.08 billion, a P/E ratio of 21.97, a PEG ratio of 0.48 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 52 week low of $59.37 and a 52 week high of $141.70. The business’s fifty day simple moving average is $128.91 and its 200 day simple moving average is $116.82.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The business 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 for the quarter was up 28.0% compared to the same quarter last year. During the same quarter last year, the company earned ($1.12) earnings per share. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 9.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on RCL. Susquehanna increased their price objective on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Wells Fargo & Company raised their price target on Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Macquarie raised their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, Barclays raised their price target on Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.94.

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.