Blair William & Co. IL Buys 27,819 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Blair William & Co. IL boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 37.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,133 shares of the company’s stock after acquiring an additional 27,819 shares during the period. Blair William & Co. IL’s holdings in Royal Caribbean Cruises were worth $14,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Keystone Financial Group acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $209,000. Nordea Investment Management AB grew its position in shares of Royal Caribbean Cruises by 120.9% during the 4th quarter. Nordea Investment Management AB now owns 194,018 shares of the company’s stock worth $25,149,000 after buying an additional 106,203 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Royal Caribbean Cruises by 19.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock valued at $232,000 after acquiring an additional 285 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Royal Caribbean Cruises by 1,672.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock valued at $2,440,000 after acquiring an additional 17,782 shares during the period. Finally, Retireful LLC bought a new position in Royal Caribbean Cruises during the fourth quarter worth $1,977,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE RCL traded up $4.10 on Friday, hitting $168.29. 1,505,646 shares of the stock traded hands, compared to its average volume of 1,984,951. The firm has a market capitalization of $43.31 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.49 and a beta of 2.62. The business’s fifty day moving average is $154.28 and its two-hundred day moving average is $137.41. 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 Ltd. has a 12 month low of $78.35 and a 12 month high of $172.64.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RCL. Bank of America upped their price target on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Barclays increased their target price on Royal Caribbean Cruises from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Citigroup boosted their price target on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.06.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction dated 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 completion of 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 filing with the SEC, which can be accessed through the SEC website. In other news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the sale, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Henry L. Pujol sold 9,944 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at $2,356,705.01. The disclosure for this sale can be found here. Insiders have sold a total of 152,884 shares of company stock worth $22,052,985 over the last 90 days. Corporate insiders own 7.95% of the company’s stock.

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.