Lindbrook Capital LLC Acquires 133 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Lindbrook Capital LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,426 shares of the company’s stock after purchasing an additional 133 shares during the quarter. Lindbrook Capital LLC’s holdings in Royal Caribbean Cruises were worth $314,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the 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 sale, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $129.21 on Monday. The business has a fifty day moving average of $128.21 and a 200 day moving average of $116.20. Royal Caribbean Cruises Ltd. has a 1 year low of $59.37 and a 1 year high of $141.70. 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 capitalization of $33.17 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last announced 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 business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the company earned ($1.12) earnings per share. The company’s revenue was up 28.0% on a year-over-year basis. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RCL shares. Susquehanna increased their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Morgan Stanley raised their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Finally, Mizuho assumed coverage on Royal Caribbean Cruises in a report on Wednesday, April 17th. They set a “buy” rating and a $164.00 target price for the company. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average price target of $136.94.

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.