Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,337 shares of the company’s stock after selling 882 shares during the period. Kestra Advisory Services LLC’s holdings in Royal Caribbean Cruises were worth $1,036,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bogart Wealth LLC increased its holdings in shares of Royal Caribbean Cruises by 87.3% in the second quarter. Bogart Wealth LLC now owns 708 shares of the company’s stock valued at $25,000 after purchasing an additional 330 shares during the period. Riverview Trust Co acquired a new position in Royal Caribbean Cruises during the third quarter worth $34,000. Parkside Financial Bank & Trust grew its holdings in Royal Caribbean Cruises by 32.1% during the third quarter. Parkside Financial Bank & Trust now owns 885 shares of the company’s stock worth $34,000 after acquiring an additional 215 shares during the period. Pinnacle Financial Partners Inc. acquired a new position in Royal Caribbean Cruises during the third quarter worth $38,000. Finally, PSI Advisors LLC grew its holdings in Royal Caribbean Cruises by 56.3% during the second quarter. PSI Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 74.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Arne Alexander Wilhelmsen sold 522,289 shares of the stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $61.23, for a total transaction of $31,979,755.47. Following the transaction, the director now directly owns 21,962,609 shares in the company, valued at $1,344,770,549.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 1,007,968 shares of company stock worth $60,959,468. 9.28% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RCL. JPMorgan Chase & Co. lowered Royal Caribbean Cruises from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $106.00 to $47.00 in a report on Tuesday, December 6th. Morgan Stanley raised Royal Caribbean Cruises from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $40.00 to $50.00 in a report on Tuesday, January 10th. Wells Fargo & Company boosted their target price on Royal Caribbean Cruises from $63.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, November 21st. Barclays boosted their target price on Royal Caribbean Cruises from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, January 19th. Finally, Truist Financial boosted their target price on Royal Caribbean Cruises from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.46.

Royal Caribbean Cruises Stock Up 0.9 %

Shares of NYSE:RCL opened at $63.98 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 6.05. Royal Caribbean Cruises Ltd. has a 52-week low of $31.09 and a 52-week high of $90.55. The stock’s fifty day simple moving average is $56.72 and its 200-day simple moving average is $48.39. The company has a market capitalization of $16.33 billion, a P/E ratio of -5.41 and a beta of 2.42.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. Royal Caribbean Cruises had a negative return on equity of 72.62% and a negative net margin of 41.73%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3 billion. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post -7.73 earnings per share for the current fiscal year.

Royal Caribbean Cruises Profile

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Royal Caribbean Group operates a fleet of cruise ships. It also operates as a global cruise company, which controls and operates the following global cruise brands: Royal Caribbean International, Celebrity Cruises, Silversea Cruises, and Hapag-Lloyd Cruises. The firm also holds interest in TUI Cruises, Pullmantur, and SkySea Cruises brands.

Further Reading

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

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