Chicago Partners Investment Group LLC Increases Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Chicago Partners Investment Group LLC grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,151 shares of the company’s stock after acquiring an additional 95 shares during the period. Chicago Partners Investment Group LLC’s holdings in Royal Caribbean Cruises were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of RCL. Brighton Jones LLC grew its position in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares during the period. Sagespring Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $1,686,000. Keystone Financial Group grew its position in shares of Royal Caribbean Cruises by 29.6% during the 4th quarter. Keystone Financial Group now owns 1,957 shares of the company’s stock valued at $451,000 after acquiring an additional 447 shares during the period. Trustmark National Bank Trust Department grew its position in shares of Royal Caribbean Cruises by 37.1% during the 4th quarter. Trustmark National Bank Trust Department now owns 1,564 shares of the company’s stock valued at $361,000 after acquiring an additional 423 shares during the period. Finally, Mariner LLC grew its position in shares of Royal Caribbean Cruises by 6.8% during the 4th quarter. Mariner LLC now owns 84,451 shares of the company’s stock valued at $19,484,000 after acquiring an additional 5,376 shares during the period. Institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Northcoast Research assumed coverage on shares of Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a “buy” rating and a $279.00 price objective for the company. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.10.

Royal Caribbean Cruises Price Performance

RCL stock opened at $302.72 on Tuesday. Royal Caribbean Cruises Ltd. has a 52 week low of $150.33 and a 52 week high of $355.91. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The company has a fifty day simple moving average of $309.32 and a two-hundred day simple moving average of $257.03. The firm has a market capitalization of $82.23 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 0.85 and a beta of 2.22.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.21 earnings per share. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Henry L. Pujol sold 5,207 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director owned 150,291 shares of the company’s stock, valued at $46,743,506.82. This trade represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,807 shares of company stock valued at $11,652,630 in the last 90 days. Company insiders own 6.95% of the company’s stock.

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.