U S Global Investors Inc. Purchases 6,200 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

U S Global Investors Inc. boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 206.7% during the third quarter, Holdings Channel reports. The institutional investor owned 9,200 shares of the company’s stock after purchasing an additional 6,200 shares during the quarter. U S Global Investors Inc.’s holdings in Royal Caribbean Cruises were worth $1,632,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RCL. DiNuzzo Private Wealth Inc. raised its holdings in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares in the last quarter. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $27,000. Versant Capital Management Inc grew its stake in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 172 shares during the last quarter. AlphaMark Advisors LLC grew its stake in Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Royal Caribbean Cruises by 50.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock valued at $37,000 after buying an additional 78 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL traded down $1.31 during midday trading on Tuesday, hitting $198.60. The company’s stock had a trading volume of 71,762 shares, compared to its average volume of 2,399,604. The stock has a fifty day moving average price of $172.75 and a 200 day moving average price of $157.37. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $204.37. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The firm has a market capitalization of $51.11 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 0.57 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm posted $1.82 EPS. Royal Caribbean Cruises’s revenue was up 16.4% on a year-over-year basis. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were paid a $0.40 dividend. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 17.45%.

Analyst Upgrades and Downgrades

RCL has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Susquehanna upped their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Macquarie raised their target price on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Stifel Nicolaus raised their target price 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.06.

Insider Activity

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is owned by corporate insiders.

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.