Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Rhumbline Advisers

VaselineSeptember 5, 2024

0 5 minutes read

Rhumbline Advisers boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 437,991 shares of the company’s stock after purchasing an additional 6,289 shares during the period. Rhumbline Advisers owned about 0.17% of Royal Caribbean Cruises worth $69,829,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RCL. Blair William & Co. IL boosted its holdings in shares of Royal Caribbean Cruises by 37.4% in the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after acquiring an additional 27,819 shares during the last quarter. Keystone Financial Group acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $209,000. Quadrant Capital Group LLC grew its stake in Royal Caribbean Cruises by 19.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock valued at $232,000 after buying an additional 285 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Royal Caribbean Cruises by 12.0% in the fourth quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock valued at $21,577,000 after buying an additional 17,815 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 17.2% during the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after purchasing an additional 5,655 shares during the period. 87.53% of the shares are currently held by hedge funds and other institutional investors.

Insiders place their bets

In related news, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In related news, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $140.00 per share, for a total transaction 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 approximately $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. 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 transaction of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The disclosure for this sale can be found here. Insiders sold 28,457 shares of company stock worth $4,452,898 in the last quarter. Insiders own 7.95% of the company’s shares.

Analyst upgrades and downgrades

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RCL has been the subject of several analyst reports. Morgan Stanley upped their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. StockNews.com downgraded shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Goldman Sachs Group boosted their price objective on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $182.13.

See the latest stock report on RCL

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $158.77 on Thursday. 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 company has a market cap of $40.86 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 0.47 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $173.37. The company has a 50-day simple moving average of $159.17 and a 200-day simple moving average of $145.70.

Royal Caribbean Cruises (NYSE:RCL – Get Your Free Report ) last issued its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.45. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. In the same quarter last year, the company earned $1.82 per share. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

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