Smith Anglin Financial LLC Has $290,000 Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Smith Anglin Financial LLC lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,258 shares of the company’s stock after selling 99 shares during the quarter. Smith Anglin Financial LLC’s holdings in Royal Caribbean Cruises were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC increased its position in shares of Royal Caribbean Cruises by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 6,630 shares of the company’s stock worth $1,530,000 after purchasing an additional 1,111 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Royal Caribbean Cruises by 7.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,177 shares of the company’s stock valued at $1,425,000 after acquiring an additional 438 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $69,000. Fifth Third Wealth Advisors LLC increased its position in Royal Caribbean Cruises by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock valued at $544,000 after acquiring an additional 50 shares in the last quarter. Finally, Pines Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $234.96 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $258.70. The company has a market capitalization of $63.17 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The firm’s 50 day moving average is $236.64 and its 200-day moving average is $194.55.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the company earned $3.85 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.94%. Royal Caribbean Cruises’s payout ratio is 22.61%.

Insider Buying and Selling

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the transaction, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 404,332 shares of company stock worth $94,299,521. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RCL. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Tigress Financial lifted their price objective on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial lifted their price objective on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $243.25.

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.