Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 60.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,121 shares of the company’s stock after buying an additional 1,172 shares during the period. Insigneo Advisory Services LLC’s holdings in Royal Caribbean Cruises were worth $554,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Royal Caribbean Cruises during the 3rd quarter valued at approximately $26,000. Unique Wealth Strategies LLC acquired a new stake in Royal Caribbean Cruises in the second quarter worth $27,000. Safe Harbor Fiduciary LLC bought a new stake in Royal Caribbean Cruises in the third quarter valued at $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the period. Finally, AlphaMark Advisors LLC grew its position in shares of Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RCL. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective for the company. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group lifted their target price on Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $233.63.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the company’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 transaction of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This represents a 12.72 % 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, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the transaction, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 over the last ninety days. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $258.09 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $258.21. The firm’s 50 day simple moving average is $215.38 and its 200-day simple moving average is $178.72. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market cap of $69.40 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 0.66 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the company posted $3.85 EPS. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

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.