Tributary Capital Management LLC Has $395,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Tributary Capital Management LLC lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,480 shares of the company’s stock after selling 100 shares during the quarter. Tributary Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $395,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RCL. Macquarie raised their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Tigress Financial increased their price objective on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Susquehanna lifted their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.13.

Insider Activity

In other news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the transaction, the director now owns 179,117 shares of the company’s stock, valued at approximately $27,576,853.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Naftali Holtz bought 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price 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 in the company, valued at approximately $6,755,840. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard D. Fain sold 19,584 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the transaction, the director now owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 3.3 %

Shares of NYSE RCL opened at $163.08 on Friday. The stock has a market capitalization of $41.97 billion, a P/E ratio of 21.02, a PEG ratio of 0.44 and a beta of 2.62. The stock’s fifty day moving average is $157.52 and its 200 day moving average is $143.10. Royal Caribbean Cruises Ltd. has a 52 week low of $78.35 and a 52 week high of $173.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19.

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

Royal Caribbean Cruises Announces Dividend

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

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.