Waterloo Capital L.P. Takes $295,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Waterloo Capital L.P. purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,852 shares of the company’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL grew its position in shares of Royal Caribbean Cruises by 37.4% during the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock worth $14,197,000 after buying an additional 27,819 shares in the last quarter. Franklin Resources Inc. grew its holdings in Royal Caribbean Cruises by 12.0% during the 4th quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock worth $21,577,000 after acquiring an additional 17,815 shares in the last quarter. QRG Capital Management Inc. increased its position in 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. Virtu Financial LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $765,000. Finally, Cibc World Markets Corp lifted its position in shares of Royal Caribbean Cruises by 40.9% in the 4th quarter. Cibc World Markets Corp now owns 59,677 shares of the company’s stock worth $7,728,000 after purchasing an additional 17,316 shares during the period. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.8 %

Royal Caribbean Cruises stock opened at $171.61 on Friday. The stock has a 50-day moving average price of $160.31 and a 200 day moving average price of $148.88. The company has a market capitalization of $44.16 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 0.47 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 52 week low of $78.35 and a 52 week high of $173.40. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.05 billion. During the same period in the previous year, the business posted $1.82 EPS. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RCL. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 19th. The Goldman Sachs Group boosted 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. JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a report on Monday. Susquehanna lifted their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Finally, Barclays increased their target price on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 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, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $182.31.

Insider Transactions at Royal Caribbean Cruises

In related news, CFO Naftali Holtz purchased 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises 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 completion of the transaction, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Company 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.