Affinity Investment Advisors LLC Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Affinity Investment Advisors LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,488 shares of the company’s stock, valued at approximately $452,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. West Branch Capital LLC grew its stake in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in Royal Caribbean Cruises by 24.6% during the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after purchasing an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Royal Caribbean Cruises by 14.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock valued at $119,000 after purchasing an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in Royal Caribbean Cruises by 2.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock valued at $584,000 after purchasing an additional 128 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in Royal Caribbean Cruises by 5.8% during the fourth quarter. Lindbrook Capital LLC now owns 2,426 shares of the company’s stock valued at $314,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

In related news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 24,201 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the transaction, the chief executive officer now owns 98,850 shares in the company, valued at $13,859,758.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Henry L. Pujol sold 9,944 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at approximately $2,356,705.01. The disclosure for this sale can be found here. Insiders sold a total of 84,145 shares of company stock worth $11,779,113 over the last three months. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded down $3.35 during midday trading on Wednesday, reaching $147.40. 908,030 shares of the company traded hands, compared to its average volume of 2,696,588. The firm has a market cap of $37.93 billion, a PE ratio of 19.43, a PEG ratio of 0.45 and a beta of 2.49. The stock’s 50-day simple moving average is $136.60 and its 200-day simple moving average is $124.70. Royal Caribbean Cruises Ltd. has a 12 month low of $76.31 and a 12 month high of $150.90. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period last year, the company posted ($0.23) earnings per share. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RCL shares. Morgan Stanley increased their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Mizuho increased their price target on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a report on Friday, April 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Barclays increased their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Susquehanna increased their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $147.38.

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.