F M Investments LLC Invests $209,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

F M Investments LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, Holdings Channel reports. The firm purchased 1,614 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in Royal Caribbean Cruises in the 4th quarter worth $26,000. Turtle Creek Wealth Advisors LLC bought a new position in Royal Caribbean Cruises in the 4th quarter worth $33,000. West Branch Capital LLC raised its holdings in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. raised its holdings in Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock worth $41,000 after purchasing an additional 246 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its position in shares of Royal Caribbean Cruises by 65.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL traded up $4.68 during trading on Tuesday, reaching $136.67. 2,649,012 shares of the company traded hands, compared to its average volume of 2,745,735. The firm has a 50 day simple moving average of $128.91 and a 200-day simple moving average of $116.82. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The stock has a market capitalization of $35.08 billion, a PE ratio of 21.97, a P/E/G ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 52-week low of $59.37 and a 52-week high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.12) EPS. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RCL. UBS Group upped their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Macquarie upped their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Susquehanna upped their target price on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.94.

Insider Buying and Selling

In related news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.70% of the stock is currently owned by insiders.

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.