Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by AlphaMark Advisors LLC

AlphaMark Advisors LLC increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 233.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200 shares of the company’s stock after purchasing an additional 140 shares during the period. AlphaMark Advisors LLC’s holdings in Royal Caribbean Cruises were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Kowal Investment Group LLC lifted its holdings in shares of Royal Caribbean Cruises by 4.0% in the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock worth $318,000 after purchasing an additional 87 shares during the last quarter. Pitcairn Co. lifted its holdings in shares of Royal Caribbean Cruises by 3.8% in the 1st quarter. Pitcairn Co. now owns 2,376 shares of the company’s stock worth $330,000 after purchasing an additional 88 shares during the last quarter. Midwest Financial Group LLC lifted its holdings in shares of Royal Caribbean Cruises by 5.6% in the 2nd quarter. Midwest Financial Group LLC now owns 1,875 shares of the company’s stock worth $299,000 after purchasing an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Royal Caribbean Cruises by 11.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock worth $143,000 after purchasing an additional 107 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Royal Caribbean Cruises by 2.7% in the 1st quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock worth $598,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded up $7.49 during mid-day trading on Thursday, reaching $160.20. The company had a trading volume of 2,302,648 shares, compared to its average volume of 2,604,975. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The stock has a market cap of $41.23 billion, a PE ratio of 20.64, a P/E/G ratio of 0.43 and a beta of 2.62. The company has a 50-day moving average price of $156.87 and a two-hundred day moving average price of $141.53. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $173.37.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 EPS. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th.

Insider Activity

In other news, CEO Michael W. Bayley sold 49,155 shares of Royal Caribbean Cruises stock in a transaction on Monday, May 20th. The stock was sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the transaction, the chief executive officer now owns 49,695 shares in the company, valued at $7,338,460.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael W. Bayley sold 49,155 shares of Royal Caribbean Cruises stock in a transaction on Monday, May 20th. The stock was sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the transaction, the chief executive officer now owns 49,695 shares in the company, valued at $7,338,460.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the transaction, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on RCL. Argus raised their price target on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Tigress Financial lifted their target price on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Citigroup lifted their target price on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $182.13.

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.