Everpar Advisors LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Everpar Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,639 shares of the company’s stock, valued at approximately $342,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Royal Caribbean Cruises by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after acquiring an additional 487,327 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in Royal Caribbean Cruises by 476.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock worth $43,381,000 after acquiring an additional 389,095 shares during the last quarter. Retirement Systems of Alabama grew its holdings in Royal Caribbean Cruises by 484.7% during the 3rd quarter. Retirement Systems of Alabama now owns 292,289 shares of the company’s stock worth $26,932,000 after acquiring an additional 242,302 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Royal Caribbean Cruises by 1,188.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 242,113 shares of the company’s stock worth $31,351,000 after acquiring an additional 223,323 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $25,487,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Up 0.1 %

RCL traded up $0.08 during trading on Wednesday, hitting $141.67. 1,287,562 shares of the company’s stock were exchanged, compared to its average volume of 2,758,934. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. The business’s 50 day moving average is $133.15 and its two-hundred day moving average is $120.60. Royal Caribbean Cruises Ltd. has a fifty-two week low of $73.93 and a fifty-two week high of $143.93. The stock has a market cap of $36.46 billion, a P/E ratio of 18.26, a PEG ratio of 0.41 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business posted ($0.23) EPS. The business’s revenue was up 29.2% compared to the same quarter last year. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.15 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at $2,356,705.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at $2,356,705.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Insiders sold a total of 71,697 shares of company stock worth $9,749,357 in the last quarter. 7.95% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RCL has been the topic of a number of research reports. Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Wells Fargo & Company boosted their price target on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Finally, Mizuho boosted their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.13.

Royal Caribbean Cruises Company 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.