Trust Investment Advisors Invests $214,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Trust Investment Advisors acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,649 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RCL. West Branch Capital LLC boosted its position 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 buying an additional 100 shares during the last quarter. Toth Financial Advisory Corp boosted its position 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 buying an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position 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 buying an additional 115 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Royal Caribbean Cruises by 65.0% during the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its holdings in Royal Caribbean Cruises by 2.7% in the third quarter. Everhart Financial Group Inc. now owns 5,009 shares of the company’s stock worth $462,000 after acquiring an additional 133 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RCL shares. Argus raised their price objective on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Susquehanna raised their price objective on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Mizuho started coverage on shares of Royal Caribbean Cruises in a research note on Wednesday. They set a “buy” rating and a $164.00 price objective on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $136.94.

Insider Activity

In other news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Down 0.3 %

Shares of RCL stock traded down $0.33 on Thursday, hitting $127.64. The company’s stock had a trading volume of 1,980,387 shares, compared to its average volume of 2,736,520. The stock has a market capitalization of $32.76 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 0.46 and a beta of 2.52. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $141.70. The firm’s fifty day moving average price is $127.83 and its 200-day moving average price is $115.46.

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

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.