Planned Solutions Inc. Acquires New Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Planned Solutions Inc. bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 400 shares of the company’s stock, valued at approximately $52,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Massmutual Trust Co. FSB ADV raised its stake in shares of Royal Caribbean Cruises by 14.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock worth $119,000 after acquiring an additional 115 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in shares of 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 acquiring an additional 130 shares in the last quarter. Everhart Financial Group Inc. raised its stake in shares of Royal Caribbean Cruises by 2.7% during the third quarter. Everhart Financial Group Inc. now owns 5,009 shares of the company’s stock worth $462,000 after acquiring an additional 133 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Royal Caribbean Cruises by 1.5% during the fourth quarter. Quantinno Capital Management LP now owns 8,977 shares of the company’s stock worth $444,000 after acquiring an additional 136 shares in the last quarter. Finally, Range Financial Group LLC increased its stake in shares of Royal Caribbean Cruises by 0.9% in the third quarter. Range Financial Group LLC now owns 15,234 shares of the company’s stock worth $1,404,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.70% of the stock is owned by insiders.

Royal Caribbean Cruises Price Performance

RCL opened at $139.01 on Friday. The stock has a 50-day moving average price of $125.08 and a 200-day moving average price of $111.38. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a market cap of $35.68 billion, a PE ratio of 22.35, a P/E/G ratio of 0.50 and a beta of 2.51. Royal Caribbean Cruises Ltd. has a 1 year low of $59.37 and a 1 year high of $141.62.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the firm earned ($1.12) EPS. Royal Caribbean Cruises’s quarterly revenue was up 28.0% compared to the same quarter last year. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 10.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Argus lifted their target price on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Truist Financial reiterated a “buy” rating and issued a $134.00 price target on shares of Royal Caribbean Cruises in a report on Monday, December 4th. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $139.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.56.

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 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.