Sciencast Management LP Acquires Shares of 6,847 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Sciencast Management LP acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,847 shares of the company’s stock, valued at approximately $705,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in Royal Caribbean Cruises in the 2nd quarter valued at about $698,000. Occidental Asset Management LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $280,000. Czech National Bank grew its position in shares of Royal Caribbean Cruises by 0.7% during the 2nd quarter. Czech National Bank now owns 26,033 shares of the company’s stock valued at $2,701,000 after acquiring an additional 178 shares during the period. Moody National Bank Trust Division bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $267,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 75.64% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Henry L. Pujol sold 18,908 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $106.74, for a total transaction of $2,018,239.92. Following the sale, the chief accounting officer now owns 23,521 shares of the company’s stock, valued at approximately $2,510,631.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Henry L. Pujol sold 18,908 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $106.74, for a total transaction of $2,018,239.92. Following the sale, the chief accounting officer now owns 23,521 shares of the company’s stock, valued at approximately $2,510,631.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael W. Bayley sold 10,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $100.02, for a total transaction of $1,000,200.00. Following the sale, the chief executive officer now directly owns 102,191 shares in the company, valued at approximately $10,221,143.82. The disclosure for this sale can be found here. Insiders have sold a total of 44,857 shares of company stock valued at $4,650,818 in the last quarter. Insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $97.98 on Tuesday. The stock has a market cap of $25.10 billion, a PE ratio of -299.79 and a beta of 2.47. The company’s fifty day moving average is $101.25 and its 200 day moving average is $85.32. Royal Caribbean Cruises Ltd. has a 52 week low of $36.92 and a 52 week high of $112.95. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 5.28.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.41 billion. Royal Caribbean Cruises had a negative net margin of 0.47% and a positive return on equity of 6.76%. The company’s revenue was up 61.3% on a year-over-year basis. During the same quarter last year, the firm earned ($2.08) EPS. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 6.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of research reports. Truist Financial raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and increased their target price for the company from $115.00 to $137.00 in a research report on Tuesday. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $70.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $102.00 to $139.00 in a report on Tuesday, August 15th. Bank of America raised their price objective on shares of Royal Caribbean Cruises from $82.00 to $95.00 in a report on Monday, June 12th. Finally, StockNews.com began coverage on shares of Royal Caribbean Cruises in a report on Thursday, August 17th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average target price of $112.38.

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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.