Summit Trail Advisors LLC Grows Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Summit Trail Advisors LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 34.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,744 shares of the company’s stock after buying an additional 698 shares during the quarter. Summit Trail Advisors LLC’s holdings in Royal Caribbean Cruises were worth $488,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wedge Capital Management L L P NC lifted its stake in shares of Royal Caribbean Cruises by 2.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after buying an additional 7,298 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Royal Caribbean Cruises by 17.2% during the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after buying an additional 5,655 shares in the last quarter. Souders Financial Advisors purchased a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at $800,000. Swiss National Bank lifted its stake in shares of Royal Caribbean Cruises by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after buying an additional 3,800 shares in the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at $611,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $244.50 on Wednesday. The company has a market capitalization of $65.74 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 0.64 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 12 month low of $103.99 and a 12 month high of $245.91. The firm’s 50-day moving average is $203.96 and its 200 day moving average is $173.13. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.85 EPS. Research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RCL. UBS Group boosted their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Tigress Financial boosted their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $224.38.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 10.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 407,405 shares of company stock worth $94,817,966 in the last three months. Corporate insiders own 7.95% of the company’s stock.

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.