Fidelis Capital Partners LLC Takes $232,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Fidelis Capital Partners LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,794 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds also recently made changes to their positions in the stock. BKM Wealth Management LLC bought a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $26,000. ST Germain D J Co. Inc. raised its holdings in Royal Caribbean Cruises by 65.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $33,000. Hanseatic Management Services Inc. bought a new position in Royal Caribbean Cruises in the 3rd quarter valued at approximately $36,000. Finally, West Branch Capital LLC raised its holdings in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $129.21 on Friday. The company has a fifty day simple moving average of $128.21 and a 200 day simple moving average of $116.01. Royal Caribbean Cruises Ltd. has a 12-month low of $59.37 and a 12-month high of $141.70. 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 company has a market cap of $33.17 billion, a P/E ratio of 20.77, a PEG ratio of 0.47 and a beta of 2.52.

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, beating the consensus estimate of $1.13 by $0.12. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the firm posted ($1.12) EPS. Royal Caribbean Cruises’s revenue was up 28.0% compared to the same quarter last year. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RCL shares. Stifel Nicolaus raised their price objective 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. Wells Fargo & Company raised their price target on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. UBS Group raised their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 16th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Finally, Macquarie raised their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.94.

Insider Activity at Royal Caribbean Cruises

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

Royal Caribbean Cruises Company Profile

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.