Mather Group LLC. Has $427,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mather Group LLC. grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,679 shares of the company’s stock after acquiring an additional 404 shares during the period. Mather Group LLC.’s holdings in Royal Caribbean Cruises were worth $427,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RCL. Scarborough Advisors LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $26,000. Creekmur Asset Management LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter worth approximately $30,000. Versant Capital Management Inc boosted its position 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. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $33,000. Finally, Richardson Capital Management LLC bought a new position in shares of Royal Caribbean Cruises in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded up $10.61 during midday trading on Tuesday, hitting $150.38. 5,830,852 shares of the company were exchanged, compared to its average volume of 2,594,023. The firm has a 50 day simple moving average of $156.46 and a 200-day simple moving average of $140.17. Royal Caribbean Cruises Ltd. has a 52 week low of $78.35 and a 52 week high of $173.37. The firm has a market cap of $38.70 billion, a P/E ratio of 19.38, a PEG ratio of 0.39 and a beta of 2.62. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results 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. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 EPS. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on RCL shares. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Argus boosted their price objective on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Citigroup raised their target price on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Tigress Financial upped their price target on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. Finally, Truist Financial increased their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $179.69.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 24,201 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total value of $3,393,222.21. Following the sale, the chief executive officer now directly owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the completion of the transaction, the chief executive officer now owns 98,850 shares in the company, valued at $13,859,758.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael W. Bayley sold 49,155 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $147.67, for a total value of $7,258,718.85. Following the completion of the sale, the chief executive officer now directly owns 49,695 shares of the company’s stock, valued at $7,338,460.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,940 shares of company stock worth $13,667,094. 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.