Aspire Private Capital LLC raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 1,329.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,930 shares of the company’s stock after purchasing an additional 1,795 shares during the quarter. Aspire Private Capital LLC’s holdings in Royal Caribbean Cruises were worth $445,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of RCL. Atomi Financial Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 7.8% during the 4th quarter. Atomi Financial Group Inc. now owns 2,806 shares of the company’s stock worth $647,000 after acquiring an additional 204 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Royal Caribbean Cruises by 1.6% in the 4th quarter. Ballentine Partners LLC now owns 4,753 shares of the company’s stock worth $1,096,000 after acquiring an additional 76 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in Royal Caribbean Cruises by 9.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 1,717 shares of the company’s stock valued at $396,000 after purchasing an additional 155 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Royal Caribbean Cruises by 6.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,191 shares of the company’s stock valued at $275,000 after purchasing an additional 67 shares during the period. Finally, UMB Bank n.a. boosted its stake in Royal Caribbean Cruises by 25.9% during the fourth quarter. UMB Bank n.a. now owns 2,079 shares of the company’s stock worth $480,000 after buying an additional 428 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on RCL. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 8th. Barclays increased their target price on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group upped their price objective on Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Tigress Financial upped their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $246.50.
Insider Activity at Royal Caribbean Cruises
In other news, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 404,332 shares of company stock valued at $94,299,521. Corporate insiders own 7.95% of the company’s stock.
Royal Caribbean Cruises Stock Performance
Shares of RCL stock opened at $243.20 on Wednesday. The stock has a 50-day moving average of $237.48 and a 200-day moving average of $196.84. The stock has a market cap of $65.39 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 0.51 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.85 earnings per share. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current year.
Royal Caribbean Cruises Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 22.61%.
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.
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