MBB Public Markets I LLC Raises Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

MBB Public Markets I LLC boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 423.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,112 shares of the company’s stock after purchasing an additional 13,845 shares during the period. MBB Public Markets I LLC’s holdings in Royal Caribbean Cruises were worth $2,728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Scarborough Advisors LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $26,000. Unique Wealth Strategies LLC purchased a new stake in Royal Caribbean Cruises during the 2nd quarter valued at $27,000. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises in the 4th quarter worth $30,000. Versant Capital Management Inc grew its holdings in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its position in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the period. Institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RCL shares. Citigroup raised their target price on Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. Macquarie upped their target price on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. The Goldman Sachs Group lifted their price target on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Barclays upped their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Three 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $184.13.

Royal Caribbean Cruises Price Performance

RCL stock opened at $177.54 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The firm has a 50 day moving average price of $161.59 and a 200-day moving average price of $151.18. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $184.41. The firm has a market capitalization of $45.69 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 0.51 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.62%.

Insiders Place Their Bets

In other news, CFO Naftali Holtz purchased 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related 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 price of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

About Royal Caribbean Cruises

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.