Moloney Securities Asset Management LLC Reduces Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Moloney Securities Asset Management LLC lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,915 shares of the company’s stock after selling 167 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have recently added to or reduced their stakes in RCL. Norges Bank acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $323,251,000. Eagle Asset Management Inc. purchased a new stake in Royal Caribbean Cruises in the 4th quarter valued at approximately $79,392,000. Vaughan Nelson Investment Management LP acquired a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $66,279,000. Junto Capital Management LP acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at approximately $47,950,000. Finally, Vanguard Group Inc. raised its holdings in Royal Caribbean Cruises by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock valued at $3,273,144,000 after buying an additional 359,770 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several analysts have commented on the company. Bank of America lifted their price target on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Barclays raised their target price on Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 26th. UBS Group lifted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Macquarie raised their target price on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, Susquehanna boosted 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. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Moderate Buy” and a consensus price target of $182.13, according to MarketBeat.com.

Check out our latest report on RCL

Insider activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, 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 completion of the transaction, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other Royal Caribbean Cruises news, CFO Naftali Holtz acquired 5,350 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost 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 $6,755,840. The acquisition was disclosed in a filing with the SEC, which is available via this link. 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 transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold a total of 28,457 shares of company stock worth $4,452,898. 7.95% of shares are held by insiders.

Royal Caribbean Cruises stock performance

Shares of Royal Caribbean Cruises stock opened at $164.62 on Friday. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $173.37. The company has a current ratio of 0.19, a quick ratio of 0.17, and a debt-to-equity ratio of 3.20. The stock has a market cap of $42.36 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 0.47 and a beta of 2.62. The stock has a 50-day moving average of $159.04 and a 200-day moving average of $144.57.

Royal Caribbean Cruises (NYSE:RCL – Get Your Free Report ) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The company’s revenue for the quarter was up 16.4% year over year. During the same period last year, the company posted earnings of $1.82 per share. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises announces dividend

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

Royal Caribbean Cruises Company 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.

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