Trifecta Capital Advisors LLC Has $98,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Trifecta Capital Advisors LLC increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4,615.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 613 shares of the company’s stock after purchasing an additional 600 shares during the period. Trifecta Capital Advisors LLC’s holdings in Royal Caribbean Cruises were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Unique Wealth Strategies LLC acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $27,000. Versant Capital Management Inc increased its holdings in Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $26,000. AlphaMark Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the period. Finally, Creekmur Asset Management LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $30,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the transaction, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Naftali Holtz acquired 5,350 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 19,584 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the transaction, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,457 shares of company stock worth $4,452,898. Insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $158.30 on Wednesday. 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. The stock has a 50 day moving average price of $159.18 and a two-hundred day moving average price of $147.02. The firm has a market capitalization of $40.74 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.45 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share 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 given a $0.40 dividend. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is 20.62%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Truist Financial increased 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 report on Wednesday, May 29th. Argus lifted their target price on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. 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 report on Wednesday, August 7th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Tigress Financial upped their target price on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.13.

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.