Royal Caribbean Cruises Ltd. (NYSE:RCL) is Columbus Hill Capital Management L.P.’s 2nd Largest Position

Columbus Hill Capital Management L.P. increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 244,795 shares of the company’s stock after buying an additional 18,378 shares during the quarter. Royal Caribbean Cruises comprises approximately 8.0% of Columbus Hill Capital Management L.P.’s portfolio, making the stock its 2nd biggest holding. Columbus Hill Capital Management L.P. owned approximately 0.10% of Royal Caribbean Cruises worth $39,028,000 as of its most recent SEC filing.

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

Royal Caribbean Cruises Trading Up 1.4 %

Shares of RCL opened at $173.99 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $174.48. The stock has a 50-day moving average price of $160.46 and a 200 day moving average price of $149.22. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The company has a market capitalization of $44.78 billion, a P/E ratio of 22.42, a P/E/G ratio of 0.49 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last released 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. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced 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 is Friday, September 20th.

Insider Activity

In other news, CFO Naftali Holtz purchased 5,350 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’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 disclosure for this sale can be found here. Company insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

RCL has been the topic of several research reports. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Tigress Financial lifted their price objective 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. JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Citigroup raised their price target on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Susquehanna boosted 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 note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $182.31.

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.