Lyell Wealth Management LP Takes $246,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Lyell Wealth Management LP acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,900 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds also recently modified their holdings of the business. West Branch Capital LLC raised its stake in Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Toth Financial Advisory Corp raised its stake in Royal Caribbean Cruises by 24.6% during the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after acquiring an additional 100 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake 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 worth $119,000 after acquiring an additional 115 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake 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 worth $584,000 after acquiring an additional 128 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in Royal Caribbean Cruises by 65.0% during the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RCL shares. Barclays raised their target price on Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Macquarie raised their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Morgan Stanley raised their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company raised their target price on Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.94.

Royal Caribbean Cruises Stock Up 0.7 %

Shares of NYSE:RCL traded up $0.95 during trading on Thursday, hitting $137.68. 5,163,904 shares of the company’s stock traded hands, compared to its average volume of 2,769,366. The company has a 50-day moving average price of $129.31 and a 200-day moving average price of $116.96. Royal Caribbean Cruises Ltd. has a 52 week low of $59.37 and a 52 week high of $141.70. The company has a market cap of $35.34 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the firm earned ($1.12) EPS. The business’s quarterly revenue was up 28.0% on a year-over-year basis. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 9.99 EPS for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

About Royal Caribbean Cruises

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.