Exchange Traded Concepts LLC Has $157,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Exchange Traded Concepts LLC increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 241.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888 shares of the company’s stock after purchasing an additional 628 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Royal Caribbean Cruises were worth $157,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ignite Planners LLC grew its holdings in Royal Caribbean Cruises by 4.3% during the 3rd quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock worth $329,000 after acquiring an additional 77 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Royal Caribbean Cruises by 50.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Royal Caribbean Cruises by 1.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,095 shares of the company’s stock worth $1,291,000 after acquiring an additional 81 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Royal Caribbean Cruises by 38.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 293 shares of the company’s stock worth $47,000 after acquiring an additional 82 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Royal Caribbean Cruises by 3.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,213 shares of the company’s stock worth $353,000 after acquiring an additional 84 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RCL has been the topic of a number of research reports. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Barclays boosted their target price on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Mizuho upped their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group upped their price objective on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Bank of America upped their price objective on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.06.

Royal Caribbean Cruises Stock Down 0.0 %

Shares of NYSE RCL opened at $199.93 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The company’s fifty day simple moving average is $172.75 and its 200 day simple moving average is $157.37. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $204.37. The firm has a market cap of $51.45 billion, a PE ratio of 25.76, a P/E/G ratio of 0.57 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping 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 firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. As a group, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s payout ratio is 20.62%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company’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 transaction, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Naftali Holtz bought 5,350 shares of the stock in a transaction dated Friday, August 2nd. The stock was purchased 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 owns 48,256 shares of the company’s stock, valued at $6,755,840. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.