U S Global Investors Inc. Grows Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

U S Global Investors Inc. grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 206.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,200 shares of the company’s stock after buying an additional 6,200 shares during the quarter. U S Global Investors Inc.’s holdings in Royal Caribbean Cruises were worth $1,632,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Unique Wealth Strategies LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $27,000. Versant Capital Management Inc grew its stake in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 172 shares during the last quarter. DiNuzzo Private Wealth Inc. grew its stake in Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the last quarter. AlphaMark Advisors LLC grew its stake in Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Royal Caribbean Cruises by 50.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RCL. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Truist Financial raised their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, September 26th. UBS Group raised their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $189.06.

Royal Caribbean Cruises Stock Performance

RCL stock traded down $1.31 during mid-day trading on Tuesday, reaching $198.60. The company had a trading volume of 71,762 shares, compared to its average volume of 2,399,604. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The stock has a market capitalization of $51.11 billion, a P/E ratio of 21.80, a P/E/G ratio of 0.57 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $204.37. The stock’s 50-day simple moving average is $172.75 and its two-hundred day simple moving average is $157.37.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.82 EPS. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a — dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 17.45%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 3,073 shares of the business’s 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 completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.