Syon Capital LLC Buys New Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Syon Capital LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,365 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its position in shares of Royal Caribbean Cruises by 11.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 34,168 shares of the company’s stock valued at $3,219,000 after buying an additional 3,536 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Royal Caribbean Cruises by 10.4% in the third quarter. Kestra Advisory Services LLC now owns 15,604 shares of the company’s stock worth $1,438,000 after purchasing an additional 1,471 shares during the last quarter. Rafferty Asset Management LLC boosted its position in Royal Caribbean Cruises by 1.7% in the third quarter. Rafferty Asset Management LLC now owns 27,122 shares of the company’s stock worth $2,499,000 after purchasing an additional 463 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Royal Caribbean Cruises in the third quarter worth about $786,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Royal Caribbean Cruises in the third quarter worth about $463,000. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were 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 of the company’s stock, valued at approximately $27,576,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the sale, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael W. Bayley sold 49,155 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the completion of the sale, the chief executive officer now owns 49,695 shares of the company’s stock, valued at approximately $7,338,460.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,884 shares of company stock valued at $22,052,985. Company insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of several recent analyst reports. Mizuho lifted their target price on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Susquehanna boosted their price target on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Wells Fargo & Company upped their target price on Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, Macquarie boosted their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $155.07.

Royal Caribbean Cruises Trading Up 0.4 %

Royal Caribbean Cruises stock opened at $149.12 on Tuesday. The stock has a market capitalization of $38.38 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 0.45 and a beta of 2.56. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $157.58. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a 50 day simple moving average of $142.66 and a 200-day simple moving average of $131.35.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business posted ($0.23) EPS. The company’s revenue was up 29.2% on a year-over-year basis. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current fiscal year.

Royal Caribbean Cruises 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.