1,614 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Purchased by F M Investments LLC

F M Investments LLC bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,614 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC raised its stake in Royal Caribbean Cruises by 8.6% in the third quarter. CWM LLC now owns 11,313 shares of the company’s stock valued at $1,042,000 after buying an additional 898 shares during the period. Arkadios Wealth Advisors bought a new stake in Royal Caribbean Cruises in the third quarter valued at approximately $307,000. HB Wealth Management LLC raised its stake in Royal Caribbean Cruises by 161.1% in the third quarter. HB Wealth Management LLC now owns 5,704 shares of the company’s stock valued at $526,000 after buying an additional 3,519 shares during the period. Hartford Investment Management Co. raised its stake in Royal Caribbean Cruises by 4.2% in the third quarter. Hartford Investment Management Co. now owns 16,052 shares of the company’s stock valued at $1,479,000 after buying an additional 644 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Royal Caribbean Cruises by 2.8% in the third quarter. State of Alaska Department of Revenue now owns 28,010 shares of the company’s stock valued at $2,580,000 after buying an additional 750 shares during the period. Institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group upped their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Morgan Stanley increased their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Susquehanna increased their target price on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Mizuho began coverage on Royal Caribbean Cruises in a research note on Wednesday, April 17th. They set a “buy” rating and a $164.00 target price on the stock. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.94.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded up $4.68 during trading hours on Tuesday, reaching $136.67. The company’s stock had a trading volume of 2,649,012 shares, compared to its average volume of 2,745,735. The firm’s 50 day simple moving average is $128.91 and its 200-day simple moving average is $116.82. The company has a market capitalization of $35.08 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week 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 issued its earnings results on Thursday, February 1st. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the business posted ($1.12) EPS. The company’s revenue was up 28.0% compared to the same quarter last year. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current year.

Insider Activity

In other news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the transaction, the chief executive officer now directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.70% of the stock is owned by corporate insiders.

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.