Pathstone Family Office LLC Has $1.17 Million Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Pathstone Family Office LLC raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 41.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,466 shares of the company’s stock after buying an additional 3,635 shares during the quarter. Pathstone Family Office LLC’s holdings in Royal Caribbean Cruises were worth $1,168,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises in the second quarter valued at $693,000. Hollencrest Capital Management grew its position in shares of Royal Caribbean Cruises by 494.2% in the second quarter. Hollencrest Capital Management now owns 309 shares of the company’s stock valued at $32,000 after purchasing an additional 257 shares in the last quarter. ST Germain D J Co. Inc. grew its position in Royal Caribbean Cruises by 65.0% during the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after buying an additional 130 shares in the last quarter. HM Payson & Co. bought a new stake in Royal Caribbean Cruises during the third quarter worth about $46,000. Finally, Cullen Frost Bankers Inc. lifted its stake in Royal Caribbean Cruises by 1,351.4% during the third quarter. Cullen Frost Bankers Inc. now owns 537 shares of the company’s stock worth $49,000 after purchasing an additional 500 shares during the last quarter. 75.64% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Up 0.1 %

RCL stock opened at $117.12 on Tuesday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $133.77. The business’s 50 day moving average price is $123.30 and its two-hundred day moving average price is $106.03. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19. The company has a market capitalization of $30.01 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 0.44 and a beta of 2.54.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the business earned ($1.12) EPS. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 9.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RCL shares. Tigress Financial boosted their target price on Royal Caribbean Cruises from $139.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Morgan Stanley boosted their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. HSBC started coverage on Royal Caribbean Cruises in a research note on Monday, October 23rd. They issued a “buy” rating and a $115.00 target price for the company. TheStreet raised Royal Caribbean Cruises from a “d+” rating to a “c-” rating in a research note on Tuesday, December 5th. Finally, Barclays boosted their target price on Royal Caribbean Cruises from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.86.

Get Our Latest Research Report on RCL

Insiders Place Their Bets

In related news, Director Arne Alexander Wilhelmsen sold 284,766 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $121.73, for a total value of $34,664,565.18. Following the sale, the director now owns 19,167,507 shares in the company, valued at approximately $2,333,260,627.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Harri U. Kulovaara sold 24,707 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $106.90, for a total value of $2,641,178.30. Following the sale, the executive vice president now owns 33,650 shares in the company, valued at approximately $3,597,185. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arne Alexander Wilhelmsen sold 284,766 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $121.73, for a total value of $34,664,565.18. Following the completion of the sale, the director now owns 19,167,507 shares in the company, valued at approximately $2,333,260,627.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 632,507 shares of company stock worth $76,012,718. Company 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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