Menard Financial Group LLC Raises Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Menard Financial Group LLC lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,850 shares of the company’s stock after purchasing an additional 311 shares during the quarter. Menard Financial Group LLC’s holdings in Royal Caribbean Cruises were worth $683,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. IHT Wealth Management LLC increased its holdings in shares of Royal Caribbean Cruises by 53.9% in the third quarter. IHT Wealth Management LLC now owns 2,497 shares of the company’s stock valued at $441,000 after purchasing an additional 875 shares during the period. Investment Management Corp of Ontario increased its holdings in Royal Caribbean Cruises by 47.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 8,118 shares of the company’s stock worth $1,440,000 after buying an additional 2,600 shares during the period. Janus Henderson Group PLC raised its position in Royal Caribbean Cruises by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 26,425 shares of the company’s stock worth $4,684,000 after buying an additional 1,400 shares during the last quarter. HighVista Strategies LLC acquired a new stake in Royal Caribbean Cruises during the 3rd quarter valued at approximately $1,525,000. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at $388,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RCL has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Macquarie boosted their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $228.63.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock worth $94,299,521 in the last quarter. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $245.89 on Wednesday. The company has a fifty day simple moving average of $210.95 and a 200-day simple moving average of $176.74. The firm has a market capitalization of $66.11 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 0.65 and a beta of 2.59. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 52-week low of $110.66 and a 52-week high of $249.52.

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

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.