Catalina Capital Group LLC Acquires 148 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Catalina Capital Group LLC lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,449 shares of the company’s stock after acquiring an additional 148 shares during the period. Catalina Capital Group LLC’s holdings in Royal Caribbean Cruises were worth $257,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RCL. Janney Montgomery Scott LLC raised its position in shares of Royal Caribbean Cruises by 39.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 49,447 shares of the company’s stock worth $6,874,000 after acquiring an additional 13,898 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $115,000. Csenge Advisory Group raised its position in shares of Royal Caribbean Cruises by 30.3% in the 1st quarter. Csenge Advisory Group now owns 2,075 shares of the company’s stock worth $288,000 after acquiring an additional 483 shares in the last quarter. Concord Investment Counsel Inc. bought a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $344,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Royal Caribbean Cruises by 32.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,834 shares of the company’s stock worth $950,000 after acquiring an additional 1,672 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,596 shares of company stock worth $8,090,059 in the last ninety days. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the topic of several recent research reports. Citigroup upped their price target on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Bank of America upped their price target on Royal Caribbean Cruises from $205.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Finally, 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 research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $214.00.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $226.71 on Thursday. The company has a market cap of $60.96 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 0.54 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $90.00 and a 1 year high of $227.12. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The stock’s fifty day moving average price is $183.91 and its 200-day moving average price is $163.56.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the business posted $3.85 EPS. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

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.