GAMMA Investing LLC Raises Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

GAMMA Investing LLC grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,868 shares of the company’s stock after purchasing an additional 528 shares during the period. GAMMA Investing LLC’s holdings in Royal Caribbean Cruises were worth $1,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RCL. Brown Brothers Harriman & Co. increased its holdings in shares of Royal Caribbean Cruises by 618.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $35,000. Truvestments Capital LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $36,000. Capital A Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,600 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the sale, the director now directly owns 165,421 shares in the company, valued at $41,868,055.10. The trade was a 10.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RCL. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Barclays boosted their target price on Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Melius Research raised Royal Caribbean Cruises to a “strong-buy” rating in a report on Monday, April 21st. UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the stock a “buy” rating in a report on Tuesday, May 20th. Finally, BNP Paribas started coverage on Royal Caribbean Cruises in a report on Thursday, March 27th. They set an “outperform” rating and a $262.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $276.90.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $310.69 on Friday. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $310.88. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. The firm’s 50-day simple moving average is $249.05 and its 200 day simple moving average is $236.04. The firm has a market capitalization of $84.37 billion, a PE ratio of 25.80, a P/E/G ratio of 0.92 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the firm earned $1.77 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.97%. Royal Caribbean Cruises’s dividend payout ratio is presently 24.92%.

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 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.