Keystone Financial Group Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Keystone Financial Group bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,615 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at $26,000. Turtle Creek Wealth Advisors LLC bought a new position in Royal Caribbean Cruises during the fourth quarter worth about $33,000. Hanseatic Management Services Inc. bought a new position in Royal Caribbean Cruises during the third quarter worth about $36,000. West Branch Capital LLC raised its stake in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock valued at $41,000 after purchasing an additional 246 shares during the period. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 1.0 %

Shares of RCL stock traded down $1.57 during mid-day trading on Wednesday, reaching $149.18. 508,220 shares of the stock traded hands, compared to its average volume of 2,692,739. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 0.45 and a beta of 2.49. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. The stock’s fifty day simple moving average is $136.60 and its two-hundred day simple moving average is $124.70. Royal Caribbean Cruises Ltd. has a 1-year low of $76.31 and a 1-year high of $150.90.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.33 by $0.44. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm’s revenue was up 29.2% compared to the same quarter last year. During the same period last year, the company earned ($0.23) EPS. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were 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 owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael W. Bayley sold 24,201 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 98,850 shares in the company, valued at approximately $13,859,758.50. The disclosure for this sale can be found here. Insiders sold 84,145 shares of company stock worth $11,779,113 over the last three months. Company insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays raised their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Bank of America increased their target price on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Susquehanna boosted their price target on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Mizuho increased their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company boosted their target price on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.38.

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