Kovack Advisors Inc. Takes $247,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kovack Advisors Inc. bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,907 shares of the company’s stock, valued at approximately $247,000.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Royal Caribbean Cruises by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after purchasing an additional 487,327 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Royal Caribbean Cruises by 6.8% during the third quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock valued at $215,208,000 after acquiring an additional 148,532 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Royal Caribbean Cruises by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock worth $141,303,000 after purchasing an additional 10,095 shares during the period. Federated Hermes Inc. lifted its stake in shares of Royal Caribbean Cruises by 15.4% in the fourth quarter. Federated Hermes Inc. now owns 639,348 shares of the company’s stock valued at $82,789,000 after buying an additional 85,545 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in Royal Caribbean Cruises by 2.4% in the 3rd quarter. Fiera Capital Corp now owns 497,416 shares of the company’s stock valued at $45,832,000 after acquiring an additional 11,742 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Trading Up 2.0 %

NYSE:RCL opened at $143.35 on Tuesday. Royal Caribbean Cruises Ltd. has a 1 year low of $65.10 and a 1 year high of $143.62. The stock’s fifty day moving average price is $130.74 and its two-hundred day moving average price is $118.25. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market cap of $36.89 billion, a P/E ratio of 18.47, a P/E/G ratio of 0.47 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the company posted ($0.23) EPS. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 10.8 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on RCL shares. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley boosted their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Macquarie lifted their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, UBS Group increased their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.76.

Insider Activity

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 value of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction 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 $19,319,957.37. The disclosure for this sale can be found here. 8.70% of the stock is owned by company insiders.

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.