Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Free Report) Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Royal Caribbean Cruises Stock Up 2.3 %
NYSE RCL traded up $3.63 on Monday, hitting $161.43. 1,653,198 shares of the stock traded hands, compared to its average volume of 2,592,906. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $173.37. 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 company has a market capitalization of $41.54 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 0.42 and a beta of 2.62. The stock has a 50-day moving average of $156.93 and a 200 day moving average of $141.95.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last issued 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 company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The firm’s revenue was up 16.4% compared to the same quarter last year. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current fiscal year.
Royal Caribbean Cruises Dividend Announcement
Wall Street Analysts Forecast Growth
RCL has been the subject of several recent research reports. Susquehanna increased their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Citigroup raised their target price on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Barclays upped their price target on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Argus lifted their price objective on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $182.13.
Read Our Latest Report on Royal Caribbean Cruises
Institutional Trading of Royal Caribbean Cruises
Several hedge funds have recently bought and sold shares of RCL. Blair William & Co. IL raised its stake 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 purchasing an additional 27,819 shares in the last quarter. Keystone Financial Group acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $209,000. Quadrant Capital Group LLC boosted its holdings in shares of Royal Caribbean Cruises by 19.0% in the fourth 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. Franklin Resources Inc. increased its stake in shares of Royal Caribbean Cruises by 12.0% during the fourth quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock valued at $21,577,000 after acquiring an additional 17,815 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in Royal Caribbean Cruises by 17.2% during the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after purchasing an additional 5,655 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.
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.
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