Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Free Report) Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares in the company, valued at approximately $42,953,500.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Royal Caribbean Cruises Stock Performance
Royal Caribbean Cruises stock traded down $4.29 during mid-day trading on Friday, hitting $202.06. 1,689,324 shares of the company’s stock traded hands, compared to its average volume of 2,399,382. The firm has a 50 day simple moving average of $180.26 and a two-hundred day simple moving average of $161.00. Royal Caribbean Cruises Ltd. has a fifty-two week low of $86.75 and a fifty-two week high of $214.12. The stock has a market cap of $54.33 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 0.61 and a beta of 2.61. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.17.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.85 earnings per share. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Royal Caribbean Cruises
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of RCL. CWA Asset Management Group LLC acquired a new stake in Royal Caribbean Cruises during the 3rd quarter valued at approximately $549,000. Hollencrest Capital Management acquired a new stake in Royal Caribbean Cruises during the 3rd quarter valued at approximately $130,000. Capital Performance Advisors LLP acquired a new stake in Royal Caribbean Cruises during the 3rd quarter valued at approximately $61,000. Hanseatic Management Services Inc. increased its position in Royal Caribbean Cruises by 23.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 491 shares of the company’s stock valued at $87,000 after purchasing an additional 93 shares during the period. Finally, Catalina Capital Group LLC increased its position in Royal Caribbean Cruises by 11.4% during the 3rd quarter. Catalina Capital Group LLC now owns 1,449 shares of the company’s stock valued at $257,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 87.53% 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.
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