Clarius Group LLC Takes $227,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Clarius Group LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,422 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $25,487,000. Allworth Financial LP lifted its holdings in Royal Caribbean Cruises by 6.3% in the 4th quarter. Allworth Financial LP now owns 2,311 shares of the company’s stock valued at $299,000 after acquiring an additional 137 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 59.0% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 3,818 shares of the company’s stock valued at $494,000 after acquiring an additional 1,416 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Royal Caribbean Cruises by 21.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,027 shares of the company’s stock worth $133,000 after purchasing an additional 178 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in Royal Caribbean Cruises by 42.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,210 shares of the company’s stock valued at $545,000 after buying an additional 1,259 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 49,155 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $147.67, for a total value of $7,258,718.85. Following the transaction, the chief executive officer now owns 49,695 shares in the company, valued at $7,338,460.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Naftali Holtz bought 5,350 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael W. Bayley sold 49,155 shares of Royal Caribbean Cruises stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $147.67, for a total value of $7,258,718.85. Following the sale, the chief executive officer now directly owns 49,695 shares of the company’s stock, valued at approximately $7,338,460.65. The disclosure for this sale can be found here. Insiders sold a total of 92,940 shares of company stock worth $13,667,094 in the last quarter. Corporate insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on RCL shares. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Susquehanna upped their price objective on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Mizuho lifted their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Macquarie increased their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.13.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL traded down $0.15 during midday trading on Friday, hitting $155.75. The company’s stock had a trading volume of 3,638,727 shares, compared to its average volume of 3,063,250. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $173.37. The firm’s fifty day moving average price is $156.78 and its 200-day moving average price is $140.70. The firm has a market cap of $40.08 billion, a P/E ratio of 20.07, a P/E/G ratio of 0.42 and a beta of 2.62.

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

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th.

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.