Northwest & Ethical Investments L.P. Buys 563 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Northwest & Ethical Investments L.P. raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,329 shares of the company’s stock after purchasing an additional 563 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Royal Caribbean Cruises were worth $4,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in RCL. Plato Investment Management Ltd purchased a new stake in Royal Caribbean Cruises in the 3rd quarter worth approximately $26,000. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises in the second quarter worth about $27,000. Versant Capital Management Inc raised its position in shares of Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its stake in shares of Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the period. Finally, AlphaMark Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 233.3% during 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 in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 1.2 %

RCL opened at $241.62 on Friday. The firm’s fifty day moving average is $206.82 and its 200 day moving average is $174.08. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a fifty-two week low of $105.36 and a fifty-two week high of $245.91. The stock has a market cap of $64.97 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 0.64 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.85 EPS. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares in the company, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 404,332 shares of company stock valued at $94,299,521. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RCL shares. Barclays increased their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Truist Financial raised their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Tigress Financial upped their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $224.38.

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.