Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Sells $5,250,500.00 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) 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) 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

A number of research analysts recently commented on RCL shares. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday. Mizuho boosted their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Morgan Stanley boosted their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Truist Financial boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $214.00.

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.