Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Estate Counselors LLC

Estate Counselors LLC increased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,430 shares of the company’s stock after purchasing an additional 185 shares during the quarter. Estate Counselors LLC’s holdings in Royal Caribbean Cruises were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its stake in shares of Royal Caribbean Cruises by 4.2% during the first quarter. Advisors Asset Management Inc. now owns 13,355 shares of the company’s stock valued at $1,856,000 after acquiring an additional 536 shares in the last quarter. BOKF NA increased its holdings in Royal Caribbean Cruises by 1.6% during the 1st quarter. BOKF NA now owns 8,802 shares of the company’s stock worth $1,237,000 after purchasing an additional 135 shares during the last quarter. Earnest Partners LLC raised its position in shares of Royal Caribbean Cruises by 8.9% in the 1st quarter. Earnest Partners LLC now owns 214,825 shares of the company’s stock valued at $29,863,000 after purchasing an additional 17,543 shares in the last quarter. Bayesian Capital Management LP boosted its stake in shares of Royal Caribbean Cruises by 1,430.0% during the 1st quarter. Bayesian Capital Management LP now owns 30,600 shares of the company’s stock valued at $4,254,000 after buying an additional 28,600 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of Royal Caribbean Cruises by 19.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock worth $670,000 after buying an additional 779 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $241.49 on Friday. The stock’s fifty day moving average is $201.02 and its two-hundred day moving average is $171.49. The stock has a market capitalization of $64.93 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.63 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 1 year low of $103.61 and a 1 year high of $242.20.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.89 billion. During the same period in the previous year, the business posted $3.85 EPS. Royal Caribbean Cruises’s revenue was up 17.5% on a year-over-year basis. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 11th. The Goldman Sachs Group lifted their price target on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Truist Financial upped their price objective on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $220.00.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the sale, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at $2,077,593.64. This represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 407,405 shares of company stock worth $94,817,966. Company insiders own 7.95% of the company’s stock.

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.