3,311 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by Andina Capital Management LLC

Andina Capital Management LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,311 shares of the company’s stock, valued at approximately $764,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth about $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth about $27,000. DiNuzzo Private Wealth Inc. increased its position in shares of Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $40,000. Finally, LRI Investments LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity

In related news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard D. Fain sold 25,000 shares of the business’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 transaction, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. The trade was a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 404,332 shares of company stock worth $94,299,521 over the last 90 days. 7.95% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on RCL. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays lifted their price target on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Citigroup lifted their price target on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.81.

Royal Caribbean Cruises Stock Down 2.3 %

NYSE RCL opened at $232.59 on Friday. 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 company’s 50 day simple moving average is $237.76 and its 200 day simple moving average is $198.49. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $258.70. The company has a market capitalization of $62.54 billion, a P/E ratio of 23.90, a PEG ratio of 0.50 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the firm earned $3.85 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.95%. Royal Caribbean Cruises’s dividend payout ratio is currently 22.61%.

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.