SOA Wealth Advisors LLC. Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

SOA Wealth Advisors LLC. bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 280 shares of the company’s stock, valued at approximately $29,000.

Several other hedge funds have also made changes to their positions in RCL. Panagora Asset Management Inc. increased its stake in Royal Caribbean Cruises by 21.8% during the first quarter. Panagora Asset Management Inc. now owns 11,553 shares of the company’s stock worth $968,000 after acquiring an additional 2,068 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Royal Caribbean Cruises by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,004 shares of the company’s stock worth $2,514,000 after purchasing an additional 1,861 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Royal Caribbean Cruises by 2.3% during the 1st quarter. Yousif Capital Management LLC now owns 35,806 shares of the company’s stock worth $3,000,000 after purchasing an additional 818 shares during the last quarter. Aviva PLC raised its holdings in Royal Caribbean Cruises by 65.5% in the 1st quarter. Aviva PLC now owns 54,096 shares of the company’s stock valued at $4,532,000 after buying an additional 21,415 shares during the period. Finally, Prudential PLC acquired a new position in Royal Caribbean Cruises in the first quarter valued at about $300,000. Hedge funds and other institutional investors own 75.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on RCL. Argus lifted their price target on shares of Royal Caribbean Cruises from $88.00 to $92.00 in a research report on Wednesday, May 31st. StockNews.com initiated coverage on Royal Caribbean Cruises in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Truist Financial raised their price target on Royal Caribbean Cruises from $72.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Susquehanna boosted their price objective on Royal Caribbean Cruises from $85.00 to $127.00 and gave the company a “positive” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus lowered their target price on Royal Caribbean Cruises from $135.00 to $130.00 and set a “buy” rating for the company in a report on Friday. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.69.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $97.49 on Friday. Royal Caribbean Cruises Ltd. has a 52-week low of $36.92 and a 52-week high of $112.95. The company has a 50 day moving average of $101.34 and a 200 day moving average of $84.94. The company has a current ratio of 0.20, a quick ratio of 0.18 and a debt-to-equity ratio of 5.28.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.24. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Royal Caribbean Cruises had a negative net margin of 0.47% and a positive return on equity of 6.76%. The company’s revenue for the quarter was up 61.3% on a year-over-year basis. During the same period in the previous year, the company earned ($2.08) EPS. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 6.21 EPS for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel bought 1,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $103.70 per share, with a total value of $103,700.00. Following the transaction, the director now owns 13,592 shares of the company’s stock, valued at $1,409,490.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 18,908 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $106.74, for a total transaction of $2,018,239.92. Following the transaction, the chief accounting officer now owns 23,521 shares of the company’s stock, valued at $2,510,631.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maritza Gomez Montiel bought 1,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $103.70 per share, for a total transaction of $103,700.00. Following the transaction, the director now directly owns 13,592 shares of the company’s stock, valued at approximately $1,409,490.40. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 44,857 shares of company stock valued at $4,650,818. 8.70% of the stock is currently owned by corporate insiders.

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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.