Unique Wealth Strategies LLC Purchases Shares of 6,790 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Unique Wealth Strategies LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,790 shares of the company’s stock, valued at approximately $879,000.

Several other institutional investors and hedge funds have also modified their holdings of RCL. West Branch Capital LLC grew its holdings in Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares during the period. Toth Financial Advisory Corp increased its holdings in shares of Royal Caribbean Cruises by 24.6% during the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after purchasing an additional 100 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Royal Caribbean Cruises by 14.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock valued at $119,000 after purchasing an additional 115 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Royal Caribbean Cruises by 2.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock valued at $584,000 after purchasing an additional 128 shares during the period. Finally, ST Germain D J Co. Inc. grew its position in Royal Caribbean Cruises by 65.0% during the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

RCL stock traded up $3.12 during mid-day trading on Friday, reaching $140.59. The company’s stock had a trading volume of 2,759,875 shares, compared to its average volume of 2,933,396. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The company’s 50 day moving average is $130.20 and its two-hundred day moving average is $117.47. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.38 and a fifty-two week high of $141.70. The stock has a market cap of $36.09 billion, a PE ratio of 18.12, a P/E/G ratio of 0.46 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) earnings per share. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 10.8 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on RCL shares. Barclays upped their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley increased their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Mizuho raised their price objective on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a report on Friday. UBS Group upped their target price on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Susquehanna lifted their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.76.

Insider Transactions at Royal Caribbean Cruises

In related news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated 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 directly owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.

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.