Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.1% during the third quarter, HoldingsChannel reports. The firm owned 80,399 shares of the company’s stock after selling 898 shares during the quarter. Royal Caribbean Cruises comprises approximately 2.8% of Noesis Capital Mangement Corp’s portfolio, making the stock its 12th biggest holding. Noesis Capital Mangement Corp’s holdings in Royal Caribbean Cruises were worth $14,260,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd purchased a new position in Royal Caribbean Cruises in the 3rd quarter valued at $26,000. Unique Wealth Strategies LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $27,000. Versant Capital Management Inc increased its stake in shares of Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares during the period. DiNuzzo Private Wealth Inc. raised its holdings in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its position in Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RCL shares. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research note on Tuesday. They set an “outperform” rating and a $290.00 target price for the company. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday. UBS Group raised their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Citigroup upped their price target on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price target on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $224.38.

Royal Caribbean Cruises Trading Down 1.2 %

Shares of Royal Caribbean Cruises stock opened at $241.62 on Thursday. Royal Caribbean Cruises Ltd. has a 1 year low of $105.36 and a 1 year high of $245.91. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The business has a 50 day moving average price of $205.42 and a 200 day moving average price of $173.61. The company has a market capitalization of $64.97 billion, a P/E ratio of 24.83, a P/E/G ratio of 0.63 and a beta of 2.59.

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

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the sale, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is owned by insiders.

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.