Financial Management Professionals Inc. Has $93,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Financial Management Professionals Inc. trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 16.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524 shares of the company’s stock after selling 100 shares during the period. Financial Management Professionals Inc.’s holdings in Royal Caribbean Cruises were worth $93,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Venture Visionary Partners LLC increased its holdings in shares of Royal Caribbean Cruises by 4.8% during the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock valued at $242,000 after acquiring an additional 62 shares in the last quarter. Ignite Planners LLC raised its holdings in Royal Caribbean Cruises by 4.3% during the third quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock worth $329,000 after buying an additional 77 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Royal Caribbean Cruises by 50.3% during the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after buying an additional 78 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Royal Caribbean Cruises by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,095 shares of the company’s stock valued at $1,291,000 after buying an additional 81 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Royal Caribbean Cruises by 38.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 293 shares of the company’s stock valued at $47,000 after buying an additional 82 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RCL. Barclays raised their price target on shares of Royal Caribbean Cruises from $195.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Susquehanna upped their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Bank of America increased their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group boosted their price target on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $197.27.

Insider Buying and Selling

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 transaction of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Naftali Holtz bought 5,350 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the company’s 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 sale, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $200.91 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $204.37. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The business has a fifty day simple moving average of $176.41 and a two-hundred day simple moving average of $159.08. The company has a market capitalization of $51.70 billion, a P/E ratio of 25.89, a P/E/G ratio of 0.58 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last issued its 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. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business earned $1.82 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 11.61 earnings per share for the current 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.