Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 23.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 491 shares of the company’s stock after buying an additional 93 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Royal Caribbean Cruises were worth $87,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Unique Wealth Strategies LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $27,000. Versant Capital Management Inc raised its position in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares during the period. DiNuzzo Private Wealth Inc. boosted its stake 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 acquiring an additional 121 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of Royal Caribbean Cruises by 50.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock valued at $37,000 after acquiring an additional 78 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $226.71 on Thursday. The stock has a market cap of $60.96 billion, a PE ratio of 23.30, a P/E/G ratio of 0.54 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a twelve month low of $90.00 and a twelve month high of $227.12. The stock has a fifty day simple moving average of $183.91 and a 200-day simple moving average of $163.56. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the company posted $3.85 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,596 shares of company stock worth $8,090,059 over the last ninety days. Company insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RCL shares. Barclays upped their price target on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Truist Financial increased their target price on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Susquehanna boosted their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Bank of America increased their price objective on shares of Royal Caribbean Cruises from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

About Royal Caribbean Cruises

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.