Monetta Financial Services Inc. Invests $957,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Monetta Financial Services Inc. purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,000 shares of the company’s stock, valued at approximately $957,000.

Several other large investors have also made changes to their positions in the company. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises during the second quarter valued at about $27,000. Versant Capital Management Inc increased its holdings in shares of Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 172 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $26,000. AlphaMark Advisors LLC lifted its holdings in Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $30,000. Institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RCL. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Susquehanna upped their price target 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. Argus lifted their price objective on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Morgan Stanley boosted their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $182.31.

Insider Activity

In related news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. The sale 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 Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.1 %

Shares of RCL stock opened at $169.78 on Tuesday. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $173.40. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The stock has a fifty day moving average price of $159.92 and a 200 day moving average price of $148.27. The stock has a market cap of $43.69 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 0.47 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. Analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 20th.

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.