2 weeks Ago By Defense World Staff
Shellback Capital LP boosted its holdings in Royal Caribbean Cruises Ltd. ( NYSE:RCL – Free Report ) by 40.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The fund owned 190,000 shares of the company’s stock after buying an additional 55,000 shares during the period. Royal Caribbean Cruises accounts for approximately 2.2% of Shellback Capital LP’s holdings, making the stock its 12th largest holding.
Shellback Capital LP owned approximately 0.07% of Royal Caribbean Cruises worth $30,292,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RCL.
MBB Public Markets I LLC boosted its position in shares of Royal Caribbean Cruises by 423.8% in the second quarter. MBB Public Markets I LLC now owns 17,112 shares of the company’s stock worth $2,728,000 after acquiring an additional 13,845 shares during the last quarter.
DoubleLine ETF Adviser LP acquired a new position in Royal Caribbean Cruises during the second quarter worth approximately $994,000. APG Asset Management N.V.
raised its stake in Royal Caribbean Cruises by 4.0% during the second quarter. APG Asset Management N.
V. now owns 461,762 shares of the company’s stock worth $68,690,000 after purchasing an additional 17,601 shares during the period. AXA S.
A. raised its stake in Royal Caribbean Cruises by 8.5% during the second quarter.
AXA S.A. now owns 185,302 shares of the company’s stock worth $29,543,000 after purchasing an additional 14,509 shares during the period.
Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Royal Caribbean Cruises by 60.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,695 shares of the company’s stock valued at $7,445,000 after buying an additional 17,633 shares during the period.
Hedge funds and other institutional investors own 87.53% of the company’s stock. Analyst Ratings Changes Several research analysts recently weighed in on the company.
Susquehanna increased their target price 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.
Bank of America raised their price objective on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd.
Morgan Stanley boosted their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th.
Mizuho increased their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th.
Finally, Barclays lifted their price target on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 26th.
Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $184.13.
Royal Caribbean Cruises Stock Up 3.0 % Shares of NYSE RCL opened at $182.81 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. Royal Caribbean Cruises Ltd. has a 1 year low of $78.
35 and a 1 year high of $184.41. The stock’s 50-day simple moving average is $161.
04 and its 200-day simple moving average is $150.46. The firm has a market cap of $47.
05 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.50 and a beta of 2.
61. Royal Caribbean Cruises ( NYSE:RCL – Get Free Report ) last announced 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.
Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%.
The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion.
During the same period in the prior year, the company posted $1.82 EPS. Royal Caribbean Cruises’s quarterly revenue was up 16.
4% on a year-over-year basis. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.
66 earnings per share for the current fiscal year. Royal Caribbean Cruises Dividend Announcement The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.
40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.
62%. Insider Activity at Royal Caribbean Cruises In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the 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 directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In related news, CFO Naftali Holtz bought 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $140.00 per share, for a total transaction of $749,000.
00. Following the completion of the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.
71, for a total value of $518,445.83. Following the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.
48. The disclosure for this sale can be found here . 7.
95% of the stock is owned by corporate insiders. Royal Caribbean Cruises Company Profile ( Free Report ) 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.
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