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

Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,790 shares of the company’s stock, valued at approximately $879,000.

A number of other institutional investors have also added to or reduced their stakes in RCL. Vanguard Group Inc. increased its stake in shares of Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after acquiring an additional 487,327 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Royal Caribbean Cruises by 476.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock worth $43,381,000 after purchasing an additional 389,095 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Royal Caribbean Cruises by 484.7% in the 3rd quarter. Retirement Systems of Alabama now owns 292,289 shares of the company’s stock worth $26,932,000 after purchasing an additional 242,302 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Royal Caribbean Cruises by 1,188.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 242,113 shares of the company’s stock worth $31,351,000 after buying an additional 223,323 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Royal Caribbean Cruises during the 4th quarter valued at approximately $25,487,000. Institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RCL shares. Wells Fargo & Company boosted their target price on Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna increased their price objective on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Friday. Morgan Stanley lifted their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Barclays increased their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a report on Friday. Finally, Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.76.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated 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 owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. 8.70% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL traded up $3.12 during midday trading on Friday, hitting $140.59. 2,759,875 shares of the company’s stock traded hands, compared to its average volume of 2,933,396. The firm has a fifty day moving average of $130.20 and a 200 day moving average of $117.47. Royal Caribbean Cruises Ltd. has a 1 year low of $59.38 and a 1 year high of $141.70. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a market capitalization of $36.09 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52.

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

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.