GAMMA Investing LLC Makes New $195,000 Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

GAMMA Investing LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,529 shares of the company’s stock, valued at approximately $195,000.

Several other large investors have also modified their holdings of the stock. State of Alaska Department of Revenue increased its position in shares of Royal Caribbean Cruises by 2.8% in the third quarter. State of Alaska Department of Revenue now owns 28,010 shares of the company’s stock worth $2,580,000 after acquiring an additional 750 shares in the last quarter. Oak Thistle LLC acquired a new stake in Royal Caribbean Cruises during the third quarter valued at approximately $688,000. Czech National Bank lifted its stake in Royal Caribbean Cruises by 58.2% during the third quarter. Czech National Bank now owns 41,191 shares of the company’s stock worth $3,795,000 after purchasing an additional 15,158 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Royal Caribbean Cruises by 2.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 104,442 shares of the company’s stock valued at $9,623,000 after buying an additional 2,907 shares during the period. Finally, Simplicity Solutions LLC grew its position in shares of Royal Caribbean Cruises by 1.6% during the 3rd quarter. Simplicity Solutions LLC now owns 22,764 shares of the company’s stock valued at $2,097,000 after buying an additional 350 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $140.58 on Friday. The stock’s fifty day simple moving average is $130.20 and its 200 day simple moving average is $117.47. The stock has a market capitalization of $36.08 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 52-week low of $59.38 and a 52-week high of $141.70. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business posted ($0.23) EPS. The company’s revenue was up 29.2% on a year-over-year basis. As a group, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 10.8 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of recent research reports. Barclays upped their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday. Mizuho upped their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. UBS Group raised their target price on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company upped their price objective on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.76.

Royal Caribbean Cruises 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.