Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,242 shares of the company’s stock after buying an additional 891 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $12,635,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RCL. Advisors Asset Management Inc. boosted its holdings in Royal Caribbean Cruises by 4.2% in the 1st quarter. Advisors Asset Management Inc. now owns 13,355 shares of the company’s stock worth $1,856,000 after buying an additional 536 shares during the last quarter. BOKF NA boosted its holdings in Royal Caribbean Cruises by 1.6% in the 1st quarter. BOKF NA now owns 8,802 shares of the company’s stock worth $1,237,000 after buying an additional 135 shares during the last quarter. Earnest Partners LLC lifted its stake in Royal Caribbean Cruises by 8.9% in the 1st quarter. Earnest Partners LLC now owns 214,825 shares of the company’s stock worth $29,863,000 after purchasing an additional 17,543 shares in the last quarter. Bayesian Capital Management LP lifted its stake in Royal Caribbean Cruises by 1,430.0% in the 1st quarter. Bayesian Capital Management LP now owns 30,600 shares of the company’s stock worth $4,254,000 after purchasing an additional 28,600 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Royal Caribbean Cruises by 19.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock worth $670,000 after purchasing an additional 779 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Up 1.7 %

Royal Caribbean Cruises stock opened at $241.49 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $103.61 and a fifty-two week high of $242.20. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a 50 day moving average price of $201.02 and a 200 day moving average price of $171.49. The company has a market capitalization of $64.93 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 0.63 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the firm earned $3.85 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Research analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RCL. Barclays raised their target price on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Susquehanna raised their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, July 30th. UBS Group raised their target price on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Macquarie raised their target price on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their target price on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on 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 owns 27,388 shares in the company, valued at $4,620,629.48. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 407,405 shares of company stock worth $94,817,966 over the last 90 days. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Company 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.