Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Everpar Advisors LLC

Everpar Advisors LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 20.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,867 shares of the company’s stock after buying an additional 322 shares during the quarter. Everpar Advisors LLC’s holdings in Royal Caribbean Cruises were worth $298,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $323,251,000. Eagle Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $79,392,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $66,279,000. Junto Capital Management LP acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $47,950,000. Finally, Vanguard Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock valued at $3,273,144,000 after buying an additional 359,770 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Naftali Holtz acquired 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Naftali Holtz acquired 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael W. Bayley sold 49,155 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the sale, the chief executive officer now directly owns 49,695 shares in the company, valued at $7,338,460.65. The disclosure for this sale can be found here. Insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE:RCL traded down $2.46 during mid-day trading on Friday, hitting $157.80. The company’s stock had a trading volume of 1,637,377 shares, compared to its average volume of 3,278,602. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $173.37. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $40.61 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 0.42 and a beta of 2.62. The stock has a fifty day moving average of $156.93 and a 200-day moving average of $141.85.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 earnings per share. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Truist Financial lifted their target price on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $182.13.

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.