Cwm LLC Boosts Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Cwm LLC increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,811 shares of the company’s stock after acquiring an additional 939 shares during the quarter. Cwm LLC’s holdings in Royal Caribbean Cruises were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RCL. Bogart Wealth LLC increased its stake in shares of Royal Caribbean Cruises by 87.3% in the 2nd quarter. Bogart Wealth LLC now owns 708 shares of the company’s stock worth $25,000 after acquiring an additional 330 shares in the last quarter. PSI Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 56.3% in the 2nd quarter. PSI Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after acquiring an additional 450 shares in the last quarter. Heritage Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $44,000. Field & Main Bank bought a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth about $45,000. Finally, Venture Visionary Partners LLC bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $50,000. 74.27% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Trading Up 1.7 %

RCL opened at $63.48 on Friday. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.29 and a quick ratio of 0.27. The company’s 50 day moving average is $55.77 and its 200 day moving average is $46.89. Royal Caribbean Cruises Ltd. has a 12-month low of $31.09 and a 12-month high of $90.55.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3 billion. Royal Caribbean Cruises had a negative net margin of 41.73% and a negative return on equity of 72.62%. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post -7.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Arne Alexander Wilhelmsen sold 396,990 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $60.24, for a total value of $23,914,677.60. Following the transaction, the director now owns 21,166,921 shares of the company’s stock, valued at $1,275,095,321.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 1,007,968 shares of company stock valued at $60,959,468. 9.28% of the stock is owned by insiders.

Analyst Ratings Changes

RCL has been the subject of several research reports. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 19th. Truist Financial raised their price objective on shares of Royal Caribbean Cruises from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 22nd. Wells Fargo & Company raised their price objective on shares of Royal Caribbean Cruises from $63.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, November 21st. Barclays raised their price objective on shares of Royal Caribbean Cruises from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, December 15th. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises to a “sell” rating in a research note on Thursday, December 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $69.08.

Royal Caribbean Cruises Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating).

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

Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.