FDx Advisors Inc. Invests $335,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

FDx Advisors Inc. bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) in the 1st quarter, HoldingsChannel.com reports. The firm bought 3,994 shares of the company’s stock, valued at approximately $335,000.

Several other institutional investors have also recently made changes to their positions in RCL. First Command Bank grew its position in Royal Caribbean Cruises by 24.1% during the first quarter. First Command Bank now owns 772 shares of the company’s stock valued at $65,000 after buying an additional 150 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Royal Caribbean Cruises by 18.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,097 shares of the company’s stock valued at $84,000 after buying an additional 167 shares during the period. CENTRAL TRUST Co grew its position in Royal Caribbean Cruises by 16.7% during the fourth quarter. CENTRAL TRUST Co now owns 1,180 shares of the company’s stock valued at $91,000 after buying an additional 169 shares during the period. Samalin Investment Counsel LLC grew its position in Royal Caribbean Cruises by 4.1% during the fourth quarter. Samalin Investment Counsel LLC now owns 4,605 shares of the company’s stock valued at $354,000 after buying an additional 180 shares during the period. Finally, Gilbert & Cook Inc. grew its position in Royal Caribbean Cruises by 4.2% during the first quarter. Gilbert & Cook Inc. now owns 4,610 shares of the company’s stock valued at $386,000 after buying an additional 185 shares during the period. Institutional investors own 73.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of Royal Caribbean Cruises from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Royal Caribbean Cruises from $76.00 to $50.00 and set a “hold” rating for the company in a research report on Tuesday, June 21st. StockNews.com upgraded shares of Royal Caribbean Cruises to a “sell” rating in a research report on Monday. Barclays assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, June 28th. They set an “overweight” rating and a $56.00 target price for the company. Finally, Morgan Stanley cut their target price on shares of Royal Caribbean Cruises from $59.00 to $54.00 and set an “underweight” rating for the company in a research report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $76.10.

Royal Caribbean Cruises Trading Up 8.5 %

Shares of Royal Caribbean Cruises stock opened at $37.86 on Friday. Royal Caribbean Cruises Ltd. has a 12-month low of $31.09 and a 12-month high of $98.27. The company has a market cap of $9.65 billion, a price-to-earnings ratio of -1.82 and a beta of 2.52. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 5.00. The company’s 50-day moving average price is $42.01 and its 200-day moving average price is $65.08.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($2.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.23) by $0.15. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.10 billion. Royal Caribbean Cruises had a negative net margin of 207.74% and a negative return on equity of 83.99%. The company’s revenue for the quarter was up 4190.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($5.06) earnings per share. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post -6.3 earnings per share for the current fiscal year.

Royal Caribbean Cruises Profile

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Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships.

See Also

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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