Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 88.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,581 shares of the company’s stock after purchasing an additional 9,201 shares during the period. Royal Caribbean Cruises comprises 1.3% of Mezzasalma Advisors LLC’s portfolio, making the stock its 22nd largest position. Mezzasalma Advisors LLC’s holdings in Royal Caribbean Cruises were worth $3,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Unique Wealth Strategies LLC acquired a new stake in shares of Royal Caribbean Cruises during the second quarter valued at about $27,000. Versant Capital Management Inc grew its stake in Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $26,000. AlphaMark Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $30,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded down $2.22 during midday trading on Friday, reaching $164.62. The company’s stock had a trading volume of 2,604,784 shares, compared to its average volume of 2,547,157. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $173.37. The company has a market cap of $42.36 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 0.44 and a beta of 2.62. The company has a 50 day moving average price of $158.77 and a 200 day moving average price of $144.24. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 EPS. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current 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 payout ratio is presently 20.62%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the transaction, the director now owns 179,117 shares of the company’s stock, valued at approximately $27,576,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the sale, the director now directly owns 179,117 shares of the company’s stock, valued at approximately $27,576,853.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises 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 transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,457 shares of company stock valued at $4,452,898. 7.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RCL shares. The Goldman Sachs Group increased their price objective on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Truist Financial raised their target price on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Susquehanna increased their price target 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. UBS Group boosted their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley raised their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.13.

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.