Kercheville Advisors LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kercheville Advisors LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the third quarter, according to its most recent filing with the SEC. The fund purchased 1,300 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors have also made changes to their positions in the company. Blair William & Co. IL increased its holdings in shares of Royal Caribbean Cruises by 37.4% in the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after acquiring an additional 27,819 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Royal Caribbean Cruises by 2.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after acquiring an additional 7,298 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after acquiring an additional 5,655 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Royal Caribbean Cruises by 8.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company’s stock valued at $6,310,000 after acquiring an additional 2,640 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Down 1.1 %

Shares of Royal Caribbean Cruises stock opened at $200.91 on Monday. The stock has a 50-day moving average price of $176.41 and a 200 day moving average price of $159.28. The company has a market cap of $51.70 billion, a P/E ratio of 25.89, a P/E/G ratio of 0.58 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $204.37.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. The firm 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 business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 11.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Macquarie boosted their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Truist Financial boosted their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Susquehanna boosted their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.27.

Insider Buying and Selling

In related news, insider Laura H. Bethge sold 3,073 shares of the 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 completion of the sale, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $6,755,840. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.95% of the company’s stock.

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.