Trust Investment Advisors Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Trust Investment Advisors bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,649 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RCL. West Branch Capital LLC raised its holdings in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Toth Financial Advisory Corp raised its holdings in Royal Caribbean Cruises by 24.6% in the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after acquiring an additional 100 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Royal Caribbean Cruises by 14.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock valued at $119,000 after acquiring an additional 115 shares during the period. ST Germain D J Co. Inc. raised its holdings in Royal Caribbean Cruises by 65.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares during the period. Finally, Everhart Financial Group Inc. raised its holdings in Royal Caribbean Cruises by 2.7% in the 3rd quarter. Everhart Financial Group Inc. now owns 5,009 shares of the company’s stock valued at $462,000 after acquiring an additional 133 shares during the period. 87.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on RCL. Susquehanna increased their price target on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. UBS Group raised their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Barclays raised their target price on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus target price of $136.94.

Royal Caribbean Cruises Trading Down 0.3 %

Shares of RCL stock traded down $0.33 during trading hours on Thursday, hitting $127.64. 1,980,387 shares of the company’s stock traded hands, compared to its average volume of 2,736,520. The stock’s 50 day simple moving average is $127.83 and its 200 day simple moving average is $115.46. The stock has a market cap of $32.76 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 12 month low of $59.37 and a 12 month high of $141.70. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm earned ($1.12) earnings per share. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current year.

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.