Atria Wealth Solutions Inc. increases stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

VaselineAugust 25, 2024

0 4 minutes read

Atria Wealth Solutions Inc. raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 33.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,859 shares of the company’s stock after purchasing an additional 1,463 shares during the period. Holdings of Atria Wealth Solutions Inc. in Royal Caribbean Cruises were worth $934,000 as of its most recent SEC filing.

Several other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its position in shares of Royal Caribbean Cruises by 0.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 92,452 shares of the company’s stock worth $14,740,000 after buying an additional 717 shares during the last quarter. Vaughan Nelson Investment Management LP raised its stake in Royal Caribbean Cruises by 4.5% in the second quarter. Vaughan Nelson Investment Management LP now owns 498,118 shares of the company’s stock valued at $79,415,000 after acquiring an additional 21,326 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Royal Caribbean Cruises by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock worth $90,969,000 after buying an additional 1,865 shares during the period. Everpar Advisors LLC boosted its stake in Royal Caribbean Cruises by 20.8% in the second quarter. Everpar Advisors LLC now owns 1,867 shares of the company’s stock worth $298,000 after buying an additional 322 shares during the period. Finally, Brookstone Capital Management raised its position in Royal Caribbean Cruises by 3.7% during the 2nd quarter. Brookstone Capital Management now owns 6,470 shares of the company’s stock worth $1,064,000 after buying another 231 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s shares.

Royal Caribbean Cruises trading up 3.3%

Shares of RCL stock opened at $163.08 on Friday. The company’s 50-day simple moving average is $157.52, and its 200-day simple moving average is $143.10. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19, and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $173.37. The firm has a market cap of $41.97 billion, a P/E ratio of 21.02, a PEG ratio of 0.44 and a beta of 2.62.

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Royal Caribbean Cruises (NYSE:RCL – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion for 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. In the same period last year, the business posted EPS of $1.82. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 20.

Analysts on Wall Street are forecasting an increase

RCL has been the subject of several recent analyst reports. Goldman Sachs Group boosted their price target on Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Citigroup boosted their target price on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Macquarie raised their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Finally, Tigress Financial boosted their price target on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Moderate Buy” and a consensus price target of $182.13, according to MarketBeat.com.

Get our latest analysis on RCL

Insider buying and selling on Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 transaction, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. In related news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now owns 179,117 shares in the company, valued at $27,576,853.32. The disclosure for this sale can be found here. 7.95% of shares are currently owned by insiders.

Royal Caribbean Cruises profile

(Free report)

Royal Caribbean Cruises Ltd. operates as a worldwide cruise company. The company operates cruises under the brands Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which cover a wide range of itineraries. As of February 21, 2024, 65 ships were operating. Royal Caribbean Cruises Ltd.