Legacy Financial Advisors Inc. Has $348,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Legacy Financial Advisors Inc. increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,184 shares of the company’s stock after acquiring an additional 133 shares during the period. Legacy Financial Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Scarborough Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises during the 2nd quarter worth about $27,000. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter worth about $30,000. Versant Capital Management Inc increased its position in 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 acquiring an additional 172 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its position in 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 acquiring an additional 140 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RCL. Citigroup increased their price target on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Stifel Nicolaus boosted 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. Macquarie raised their price target on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, Truist Financial boosted their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $182.31.

Royal Caribbean Cruises Trading Up 1.7 %

RCL opened at $174.05 on Friday. The firm’s fifty day moving average is $160.46 and its two-hundred day moving average is $149.38. The firm has a market cap of $44.79 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.49 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $174.48. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19.

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

Royal Caribbean Cruises Announces Dividend

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

Insider Buying and Selling

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

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.