Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Bogart Wealth LLC

Bogart Wealth LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 84.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 240 shares of the company’s stock after buying an additional 110 shares during the quarter. Bogart Wealth LLC’s holdings in Royal Caribbean Cruises were worth $43,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RCL. Unique Wealth Strategies LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its holdings in Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the last quarter. AlphaMark Advisors LLC increased its position in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after buying an additional 140 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 50.3% in the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Susquehanna upped their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Truist Financial lifted their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus lifted their price objective 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 investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.27.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $203.05 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $204.37. The firm has a market capitalization of $52.25 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.58 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The firm’s fifty day simple moving average is $174.69 and its 200 day simple moving average is $158.15.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The business 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 company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 earnings per share. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.61 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

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.