Q Global Advisors LLC Buys New Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Q Global Advisors LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, Holdings Channel.com reports. The fund purchased 15,564 shares of the company’s stock, valued at approximately $2,015,000. Royal Caribbean Cruises accounts for about 1.5% of Q Global Advisors LLC’s investment portfolio, making the stock its 11th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Asset Management One Co. Ltd. boosted its holdings in Royal Caribbean Cruises by 2.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 104,442 shares of the company’s stock valued at $9,623,000 after acquiring an additional 2,907 shares during the period. Simplicity Solutions LLC boosted its stake in shares of Royal Caribbean Cruises by 1.6% during the third quarter. Simplicity Solutions LLC now owns 22,764 shares of the company’s stock valued at $2,097,000 after purchasing an additional 350 shares during the period. ST Germain D J Co. Inc. grew its holdings in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Accurate Wealth Management LLC increased its stake in shares of Royal Caribbean Cruises by 2.7% in the third quarter. Accurate Wealth Management LLC now owns 11,270 shares of the company’s stock worth $975,000 after buying an additional 294 shares during the period. Finally, Chevy Chase Trust Holdings LLC increased its stake in shares of Royal Caribbean Cruises by 4.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 135,474 shares of the company’s stock worth $12,483,000 after buying an additional 5,951 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 2.0 %

NYSE:RCL traded up $2.76 during mid-day trading on Monday, hitting $143.35. 2,663,459 shares of the company’s stock were exchanged, compared to its average volume of 2,784,218. The company has a market cap of $36.89 billion, a PE ratio of 18.47, a P/E/G ratio of 0.47 and a beta of 2.52. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a one year low of $65.10 and a one year high of $143.62. The business has a fifty day moving average price of $130.74 and a 200 day moving average price of $118.25.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) EPS. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 10.8 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises 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 completion of 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. Corporate insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

RCL has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Barclays boosted their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a report on Friday. Mizuho increased their price objective on Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a report on Friday. UBS Group lifted their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Macquarie upped their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $138.76.

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.