Waterloo Capital L.P. Purchases New Position in Royal Caribbean Cruises Ltd. $RCL

Waterloo Capital L.P. purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,392 shares of the company’s stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RCL. Prudential Financial Inc. increased its position in shares of Royal Caribbean Cruises by 30.0% during the 2nd quarter. Prudential Financial Inc. now owns 59,014 shares of the company’s stock worth $18,480,000 after purchasing an additional 13,625 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 13.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 6,480 shares of the company’s stock worth $2,029,000 after acquiring an additional 752 shares in the last quarter. Left Brain Wealth Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 20.3% in the 2nd quarter. Left Brain Wealth Management LLC now owns 2,923 shares of the company’s stock worth $915,000 after acquiring an additional 493 shares in the last quarter. Titleist Asset Management LLC bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $540,000. Finally, Quantum Private Wealth LLC acquired a new stake in Royal Caribbean Cruises during the 2nd quarter valued at $216,000. 87.53% of the stock is owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the sale, the director owned 14,234 shares in the company, valued at $4,010,571.84. This represents a 7.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Trading Down 3.3%

NYSE:RCL opened at $255.50 on Tuesday. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The firm has a market capitalization of $69.68 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 0.84 and a beta of 2.04. The business’s 50-day moving average price is $295.68 and its two-hundred day moving average price is $302.86.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.Royal Caribbean Cruises’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were given a dividend of $1.00 per share. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is 26.90%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RCL shares. Susquehanna set a $350.00 price objective on Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. decreased their price objective on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Wall Street Zen lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Wells Fargo & Company began coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 18th. They issued an “overweight” rating and a $320.00 price target for the company. Finally, Truist Financial lowered their target price on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $326.82.

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.