Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,900 shares of the company’s stock after selling 250 shares during the quarter. American Financial Advisors LLC’s holdings in Royal Caribbean Cruises were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RCL. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises in the second quarter valued at about $27,000. Versant Capital Management Inc raised its holdings in shares of Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its position in shares of Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the last quarter. AlphaMark Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Royal Caribbean Cruises by 50.3% during the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Naftali Holtz acquired 5,350 shares of the company’s 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 directly owns 48,256 shares in the company, valued at approximately $6,755,840. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. This trade represents 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 currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RCL shares. Bank of America lifted their price target on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. UBS Group increased their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Truist Financial increased their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Barclays lifted their price target on shares of Royal Caribbean Cruises from $195.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.27.

Royal Caribbean Cruises Trading Up 4.5 %

Shares of RCL traded up $9.07 on Tuesday, hitting $212.59. 2,267,956 shares of the stock traded hands, compared to its average volume of 2,388,881. Royal Caribbean Cruises Ltd. has a 1 year low of $83.25 and a 1 year high of $214.12. The stock’s 50 day moving average is $177.25 and its two-hundred day moving average is $159.77. The firm has a market capitalization of $54.71 billion, a P/E ratio of 22.20, a P/E/G ratio of 0.58 and a beta of 2.61. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.

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.