Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Free Report) CEO Michael W. Bayley sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $97.43, for a total value of $974,300.00. Following the completion of the sale, the chief executive officer now owns 112,191 shares of the company’s stock, valued at $10,930,769.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Royal Caribbean Cruises Stock Up 0.1 %
NYSE:RCL opened at $97.32 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 5.28. The stock’s fifty day moving average is $101.69 and its two-hundred day moving average is $84.19. Royal Caribbean Cruises Ltd. has a 52 week low of $36.92 and a 52 week high of $112.95. The stock has a market capitalization of $24.93 billion, a price-to-earnings ratio of -304.12 and a beta of 2.47.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. Royal Caribbean Cruises had a positive return on equity of 6.76% and a negative net margin of 0.47%. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the prior year, the firm earned ($2.08) earnings per share. The firm’s revenue was up 61.3% compared to the same quarter last year. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 6.22 EPS for the current year.
Analyst Upgrades and Downgrades
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Covenant Partners LLC acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at $313,000. Osaic Holdings Inc. raised its stake in shares of Royal Caribbean Cruises by 22.0% in the second quarter. Osaic Holdings Inc. now owns 78,353 shares of the company’s stock valued at $8,127,000 after acquiring an additional 14,114 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Royal Caribbean Cruises by 18.3% in the second quarter. Orion Portfolio Solutions LLC now owns 19,876 shares of the company’s stock valued at $2,062,000 after acquiring an additional 3,080 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Royal Caribbean Cruises by 3.9% in the second quarter. Nuveen Asset Management LLC now owns 734,159 shares of the company’s stock valued at $76,162,000 after acquiring an additional 27,303 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at $283,000. 75.64% of the stock is currently owned by institutional investors and hedge funds.
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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
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