Virtu Financial LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Virtu Financial LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,269 shares of the company’s stock, valued at approximately $999,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RCL. Unique Wealth Strategies LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth about $27,000. Versant Capital Management Inc lifted its stake in Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares during the period. Scarborough Advisors LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. AlphaMark Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $30,000. 87.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction 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. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $168.55 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. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $173.40. The stock has a market capitalization of $43.38 billion, a P/E ratio of 21.72, a P/E/G ratio of 0.47 and a beta of 2.61. The business has a 50-day moving average price of $160.14 and a two-hundred day moving average price of $148.72.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.62%.

Analyst Ratings Changes

Several brokerages recently commented on RCL. 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 research note on Friday, August 2nd. The Goldman Sachs Group upped their target price on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Macquarie boosted their target price on Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Finally, Citigroup raised their price target on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.31.

About Royal Caribbean Cruises

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.