NBC Securities Inc. Invests $55,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

NBC Securities Inc. bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 607 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. boosted its stake in shares of Royal Caribbean Cruises by 65.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Hollencrest Capital Management boosted its stake in shares of Royal Caribbean Cruises by 494.2% during the 2nd quarter. Hollencrest Capital Management now owns 309 shares of the company’s stock worth $32,000 after acquiring an additional 257 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Royal Caribbean Cruises by 496.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 316 shares of the company’s stock worth $33,000 after acquiring an additional 263 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Royal Caribbean Cruises by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 928 shares of the company’s stock worth $46,000 after acquiring an additional 258 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Royal Caribbean Cruises by 1,351.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 537 shares of the company’s stock worth $49,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 75.64% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.5 %

Shares of NYSE RCL opened at $120.57 on Wednesday. The firm’s 50-day moving average price is $122.58 and its 200-day moving average price is $105.61. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. The stock has a market capitalization of $30.89 billion, a price-to-earnings ratio of 19.38 and a beta of 2.54. Royal Caribbean Cruises Ltd. has a 12-month low of $59.37 and a 12-month high of $133.77.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last announced its earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business’s revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.12) EPS. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 9.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on RCL shares. Truist Financial reiterated a “buy” rating and set a $134.00 price target on shares of Royal Caribbean Cruises in a research note on Monday, December 4th. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $139.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, October 30th. Argus raised their price objective on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Susquehanna raised their price objective on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $122.79.

Read Our Latest Stock Analysis on RCL

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 7,800 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $105.00, for a total transaction of $819,000.00. Following the transaction, the chief executive officer now directly owns 94,391 shares in the company, valued at approximately $9,911,055. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael W. Bayley sold 7,800 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $105.00, for a total transaction of $819,000.00. Following the transaction, the chief executive officer now directly owns 94,391 shares in the company, valued at approximately $9,911,055. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Harri U. Kulovaara sold 24,707 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $106.90, for a total transaction of $2,641,178.30. Following the transaction, the executive vice president now owns 33,650 shares in the company, valued at $3,597,185. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 632,507 shares of company stock worth $76,012,718. Insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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