Avestar Capital LLC Grows Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Avestar Capital LLC raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,881 shares of the company’s stock after purchasing an additional 86 shares during the quarter. Avestar Capital LLC’s holdings in Royal Caribbean Cruises were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its position in shares of Royal Caribbean Cruises by 19.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock worth $670,000 after purchasing an additional 779 shares during the last quarter. Atria Investments Inc bought a new stake in Royal Caribbean Cruises during the 1st quarter valued at about $1,190,000. Cetera Investment Advisers boosted its position in Royal Caribbean Cruises by 162.4% in the 1st quarter. Cetera Investment Advisers now owns 48,241 shares of the company’s stock valued at $6,706,000 after buying an additional 29,854 shares during the period. Cetera Advisors LLC grew its stake in Royal Caribbean Cruises by 51.6% in the 1st quarter. Cetera Advisors LLC now owns 11,629 shares of the company’s stock worth $1,617,000 after acquiring an additional 3,958 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Royal Caribbean Cruises by 45.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,649 shares of the company’s stock worth $6,951,000 after acquiring an additional 15,514 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RCL has been the subject of a number of research reports. Bank of America boosted their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. The Goldman Sachs Group increased their price target on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday. They set an “outperform” rating and a $290.00 target price on the stock. Finally, UBS Group boosted their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $224.38.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $241.62 on Thursday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $105.36 and a fifty-two week high of $245.91. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The company has a market cap of $64.97 billion, a PE ratio of 24.83, a P/E/G ratio of 0.63 and a beta of 2.59. The business has a 50-day simple moving average of $205.42 and a two-hundred day simple moving average of $173.61.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. Royal Caribbean Cruises’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.85 EPS. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This trade represents a 40.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 in the last 90 days. Insiders own 7.95% of the company’s stock.

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.