Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,602 shares of the company’s stock after acquiring an additional 93 shares during the period. Atomi Financial Group Inc.’s holdings in Royal Caribbean Cruises were worth $461,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ignite Planners LLC increased its stake in Royal Caribbean Cruises by 4.3% in the third quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock valued at $329,000 after purchasing an additional 77 shares during the last quarter. Fulton Bank N.A. acquired a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at about $864,000. Miracle Mile Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth about $266,000. GAMMA Investing LLC boosted its position in shares of Royal Caribbean Cruises by 14.4% in the third quarter. GAMMA Investing LLC now owns 5,707 shares of the company’s stock worth $1,012,000 after acquiring an additional 719 shares during the last quarter. Finally, Czech National Bank grew its holdings in Royal Caribbean Cruises by 6.9% in the third quarter. Czech National Bank now owns 48,244 shares of the company’s stock valued at $8,557,000 after purchasing an additional 3,127 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup lifted their price target on shares of Royal Caribbean Cruises from $204.00 to $253.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group boosted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Tigress Financial lifted their price objective on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Susquehanna increased their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $187.19.

Insiders Place Their Bets

In related news, CFO Naftali Holtz purchased 5,350 shares of Royal Caribbean Cruises stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the transaction, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the transaction, the director now owns 25,837 shares in the company, valued at $4,095,164.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Up 0.3 %

Shares of Royal Caribbean Cruises stock opened at $193.59 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $195.12. The company has a market capitalization of $49.82 billion, a PE ratio of 24.95, a P/E/G ratio of 0.50 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The business has a 50-day moving average of $164.72 and a 200-day moving average of $153.83.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 EPS. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 20.62%.

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.