Pitcairn Co. Acquires 88 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Pitcairn Co. increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,376 shares of the company’s stock after acquiring an additional 88 shares during the quarter. Pitcairn Co.’s holdings in Royal Caribbean Cruises were worth $330,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RCL. Blair William & Co. IL raised its position in shares of Royal Caribbean Cruises by 37.4% during the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after buying an additional 27,819 shares during the last quarter. Keystone Financial Group bought a new position in Royal Caribbean Cruises in the fourth quarter worth $209,000. Quadrant Capital Group LLC boosted its stake in Royal Caribbean Cruises by 19.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock worth $232,000 after buying an additional 285 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Royal Caribbean Cruises by 1,672.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock valued at $2,440,000 after buying an additional 17,782 shares during the period. Finally, Retireful LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at $1,977,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total value of $3,393,222.21. Following the sale, the chief executive officer now directly owns 98,850 shares in the company, valued at $13,859,758.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares in the company, valued at $21,365,763.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,884 shares of company stock valued at $22,052,985. Corporate insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial upped 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. Bank of America raised their target price on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday. Mizuho boosted their price target on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group boosted their price objective on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $169.94.

Royal Caribbean Cruises Trading Down 7.6 %

RCL traded down $12.53 during trading on Thursday, reaching $151.98. 6,497,790 shares of the company’s stock were exchanged, compared to its average volume of 2,516,343. The company’s fifty day moving average price is $155.91 and its 200-day moving average price is $138.54. The firm has a market capitalization of $39.11 billion, a PE ratio of 19.97, a P/E/G ratio of 0.51 and a beta of 2.62. 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 debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19.

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 $2.77 by $0.44. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.82 EPS. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.14 EPS for the current year.

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.