Edgestream Partners L.P. Sells 7,032 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Edgestream Partners L.P. reduced its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,136 shares of the company’s stock after selling 7,032 shares during the quarter. Edgestream Partners L.P.’s holdings in Royal Caribbean Cruises were worth $5,283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Scarborough Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $26,000. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $27,000. Creekmur Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $30,000. Versant Capital Management Inc lifted its position in shares of Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its position in 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 purchasing an additional 140 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Trading Down 0.8 %

NYSE RCL opened at $168.35 on Wednesday. The business has a 50 day simple moving average of $160.02 and a 200 day simple moving average of $148.58. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $173.40. The stock has a market capitalization of $43.32 billion, a P/E ratio of 21.69, a P/E/G ratio of 0.47 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17.

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

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now directly owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. Insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on RCL shares. Citigroup increased their target price on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Mizuho increased their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Argus increased their target price on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Barclays increased their target price on Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $182.31.

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.