SteelPeak Wealth LLC Reduces Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

SteelPeak Wealth LLC lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 76.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,203 shares of the company’s stock after selling 3,990 shares during the quarter. SteelPeak Wealth LLC’s holdings in Royal Caribbean Cruises were worth $214,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL boosted its position in Royal Caribbean Cruises by 37.4% during the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock worth $14,197,000 after acquiring an additional 27,819 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Royal Caribbean Cruises by 2.6% during the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock worth $51,349,000 after acquiring an additional 7,298 shares during the last quarter. QRG Capital Management Inc. boosted its position in Royal Caribbean Cruises by 17.2% during the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after acquiring an additional 5,655 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises during the second quarter worth approximately $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Royal Caribbean Cruises by 8.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company’s stock worth $6,310,000 after acquiring an additional 2,640 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the sale, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were 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 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. Insiders have sold 40,596 shares of company stock valued at $8,090,059 in the last quarter. Company insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Truist Financial lifted their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Bank of America lifted their price target on shares of Royal Caribbean Cruises from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $202.06 on Friday. Royal Caribbean Cruises Ltd. has a 12-month low of $86.75 and a 12-month high of $214.12. The company has a market capitalization of $54.33 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth 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. The firm’s fifty day moving average price is $181.04 and its 200 day moving average price is $161.52.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the firm posted $3.85 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current fiscal year.

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.