International Assets Investment Management LLC Invests $25.49 Million in Royal Caribbean Cruises Ltd. (NYSE:RCL)

International Assets Investment Management LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, Holdings Channel reports. The firm bought 196,825 shares of the company’s stock, valued at approximately $25,487,000.

A number of other institutional investors have also added to or reduced their stakes in RCL. Bleakley Financial Group LLC grew its position in shares of Royal Caribbean Cruises by 1.4% in the 4th quarter. Bleakley Financial Group LLC now owns 23,073 shares of the company’s stock valued at $2,988,000 after acquiring an additional 309 shares during the period. Retireful LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth approximately $1,977,000. Western Financial Corp CA raised its stake in Royal Caribbean Cruises by 5.0% in the fourth quarter. Western Financial Corp CA now owns 7,598 shares of the company’s stock valued at $984,000 after buying an additional 362 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $68,000. Finally, Tritonpoint Wealth LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $516,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of research analyst reports. Susquehanna increased their price target on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. UBS Group lifted their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 16th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Finally, Mizuho upped their target price on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.71.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $138.21 on Friday. The company has a market cap of $35.57 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.45 and a beta of 2.49. Royal Caribbean Cruises Ltd. has a fifty-two week low of $70.58 and a fifty-two week high of $143.62. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a fifty day moving average price of $131.98 and a 200-day moving average price of $118.89.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) earnings per share. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.13 EPS for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at $2,356,705.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the transaction, the chief executive officer now owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at $2,356,705.01. The disclosure for this sale can be found here. Insiders have sold 71,697 shares of company stock valued at $9,749,357 over the last three months. 8.70% of the stock is owned by insiders.

Royal Caribbean Cruises Company Profile

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.