Roanoke Asset Management Corp NY Sells 500 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Roanoke Asset Management Corp NY reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,755 shares of the company’s stock after selling 500 shares during the quarter. Royal Caribbean Cruises accounts for 1.6% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its 24th largest holding. Roanoke Asset Management Corp NY’s holdings in Royal Caribbean Cruises were worth $4,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BKM Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises in the 4th quarter worth $33,000. Hanseatic Management Services Inc. bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth $36,000. West Branch Capital LLC grew its position in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Royal Caribbean Cruises by 367.2% in the fourth quarter. Blue Trust Inc. now owns 313 shares of the company’s stock valued at $41,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the topic of several recent research reports. UBS Group increased their price objective on Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Barclays boosted their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Bank of America increased their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.38.

Get Our Latest Stock Analysis on Royal Caribbean Cruises

Insider Buying and Selling

In other news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction 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 $21,365,763.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael W. Bayley sold 24,201 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the sale, the chief executive officer now owns 98,850 shares in the company, valued at $13,859,758.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jason T. Liberty sold 50,000 shares of the firm’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 transaction of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Insiders have sold 84,145 shares of company stock valued at $11,779,113 over the last quarter. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.7 %

Royal Caribbean Cruises stock traded down $0.94 during mid-day trading on Friday, reaching $141.92. 1,286,606 shares of the company traded hands, compared to its average volume of 2,681,554. The firm’s 50 day moving average price is $135.78 and its 200 day moving average price is $123.33. Royal Caribbean Cruises Ltd. has a 52-week low of $76.31 and a 52-week high of $144.34. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a market capitalization of $36.52 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 0.43 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. Royal Caribbean Cruises’s revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.23) earnings per share. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current fiscal year.

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.

See Also

Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report).

Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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