Solstein Capital LLC Takes Position in Royal Caribbean Cruises Ltd. $RCL

Solstein Capital LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 186 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $32,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $25,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Down 0.1%

Shares of RCL stock opened at $316.59 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The stock has a market capitalization of $85.99 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 0.95 and a beta of 2.08. The company has a 50 day moving average price of $329.49 and a 200 day moving average price of $293.74. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter in the previous year, the business posted $3.21 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 29.99%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director owned 16,407 shares of the company’s stock, valued at $5,414,966.28. This trade represents a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 in the last 90 days. Corporate insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Tigress Financial boosted their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price objective for the company. Sanford C. Bernstein lifted their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.14.

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.