Bison Wealth LLC Buys New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Bison Wealth LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,782 shares of the company’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also bought and sold shares of RCL. BKM Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. ST Germain D J Co. Inc. grew its holdings 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 during the period. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at approximately $33,000. Hanseatic Management Services Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth approximately $36,000. Finally, West Branch Capital LLC increased its holdings in shares of 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 purchasing an additional 100 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $127.97 on Thursday. The firm’s 50 day moving average price is $127.83 and its 200 day moving average price is $115.46. The company has a market cap of $32.85 billion, a P/E ratio of 20.57, a PEG ratio of 0.46 and a beta of 2.52. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the business posted ($1.12) earnings per share. Royal Caribbean Cruises’s revenue was up 28.0% compared to the same quarter last year. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Tigress Financial raised their price target on shares of Royal Caribbean Cruises from $139.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. UBS Group boosted their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Barclays increased their target price on Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Macquarie upped their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $136.94.

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.