Safe Harbor Fiduciary LLC Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Safe Harbor Fiduciary LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 150 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors also recently added to or reduced their stakes in RCL. Wedge Capital Management L L P NC increased its position in shares of Royal Caribbean Cruises by 2.6% during the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after purchasing an additional 7,298 shares during the period. QRG Capital Management Inc. increased its position in shares of Royal Caribbean Cruises by 17.2% during the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after purchasing an additional 5,655 shares during the period. Souders Financial Advisors bought a new stake in shares of Royal Caribbean Cruises during the third quarter valued at approximately $800,000. Swiss National Bank increased its position in shares of Royal Caribbean Cruises by 0.5% during the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after purchasing an additional 3,800 shares during the period. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the second quarter valued at approximately $611,000. 87.53% of the stock is owned by institutional investors.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the transaction, the director now owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the transaction, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 404,332 shares of company stock valued at $94,299,521 over the last 90 days. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $251.12 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $255.70. The firm has a market cap of $67.52 billion, a P/E ratio of 25.81, a P/E/G ratio of 0.65 and a beta of 2.59. The business’s fifty day moving average is $213.77 and its two-hundred day moving average is $177.76.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the firm posted $3.85 earnings per share. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RCL shares. Barclays boosted their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group upped their price target on Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Tigress Financial upped their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus upped their price target on 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $228.63.

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.