Turtle Creek Wealth Advisors LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Turtle Creek Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 256 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 2.0% in the third quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock valued at $2,295,891,000 after purchasing an additional 487,327 shares during the last quarter. Geode Capital Management LLC increased its stake in Royal Caribbean Cruises by 2.4% in the first quarter. Geode Capital Management LLC now owns 4,521,734 shares of the company’s stock valued at $294,589,000 after purchasing an additional 105,705 shares during the last quarter. Capital World Investors increased its stake in Royal Caribbean Cruises by 1,314.9% in the first quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock valued at $231,152,000 after purchasing an additional 2,564,035 shares during the last quarter. Northern Trust Corp increased its stake in Royal Caribbean Cruises by 6.8% in the third quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock valued at $215,208,000 after purchasing an additional 148,532 shares during the last quarter. Finally, Norges Bank acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at $100,326,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on RCL shares. Macquarie upped their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Tigress Financial raised their price objective on Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Susquehanna raised their price objective on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Finally, Barclays raised their price objective on Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $135.25.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $127.67 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $59.37 and a fifty-two week high of $141.70. The business has a 50 day moving average price of $127.42 and a two-hundred day moving average price of $114.57. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The firm has a market cap of $32.77 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 0.48 and a beta of 2.52.

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

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 in the company, valued at approximately $19,319,957.37. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.70% of the company’s stock.

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.