Andina Capital Management LLC Acquires Shares of 3,311 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Andina Capital Management LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,311 shares of the company’s stock, valued at approximately $764,000.

Several other large investors also recently bought and sold shares of RCL. Public Sector Pension Investment Board raised its holdings in shares of Royal Caribbean Cruises by 93.4% in the second quarter. Public Sector Pension Investment Board now owns 8,127 shares of the company’s stock valued at $1,296,000 after buying an additional 3,925 shares during the last quarter. MBB Public Markets I LLC raised its holdings in Royal Caribbean Cruises by 423.8% during the second quarter. MBB Public Markets I LLC now owns 17,112 shares of the company’s stock worth $2,728,000 after purchasing an additional 13,845 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Royal Caribbean Cruises by 144.4% during the second quarter. NewEdge Advisors LLC now owns 14,115 shares of the company’s stock worth $2,250,000 after purchasing an additional 8,340 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises during the second quarter worth about $260,000. Finally, Hershey Financial Advisers LLC purchased a new position in Royal Caribbean Cruises during the second quarter worth about $1,595,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity

In other news, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This trade represents a 40.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 404,332 shares of company stock valued at $94,299,521. Company insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the subject of a number of research analyst reports. Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, December 6th. Macquarie increased their target price on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America increased their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Truist Financial increased their price target on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $249.81.

Royal Caribbean Cruises Stock Down 2.3 %

Shares of RCL opened at $232.59 on Friday. The firm has a market cap of $62.54 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 0.50 and a beta of 2.59. The company’s fifty day moving average is $237.76 and its two-hundred day moving average is $198.49. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $258.70. 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 (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the business earned $3.85 EPS. Analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is presently 22.61%.

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.