Kessler Investment Group LLC Reduces Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kessler Investment Group LLC reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 88.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,945 shares of the company’s stock after selling 38,950 shares during the period. Kessler Investment Group LLC’s holdings in Royal Caribbean Cruises were worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RCL. U S Global Investors Inc. lifted its stake in Royal Caribbean Cruises by 206.7% in the 3rd quarter. U S Global Investors Inc. now owns 9,200 shares of the company’s stock worth $1,632,000 after purchasing an additional 6,200 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Royal Caribbean Cruises by 5.3% during the third quarter. Foundations Investment Advisors LLC now owns 2,487 shares of the company’s stock worth $441,000 after buying an additional 126 shares in the last quarter. Venture Visionary Partners LLC boosted its stake in Royal Caribbean Cruises by 4.8% during the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock worth $242,000 after buying an additional 62 shares during the last quarter. Little House Capital LLC grew its holdings in Royal Caribbean Cruises by 26.1% in the 3rd quarter. Little House Capital LLC now owns 5,288 shares of the company’s stock valued at $938,000 after buying an additional 1,095 shares in the last quarter. Finally, AA Financial Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 8.6% in the 3rd quarter. AA Financial Advisors LLC now owns 1,929 shares of the company’s stock worth $342,000 after acquiring an additional 153 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Trading Up 0.5 %

NYSE:RCL traded up $1.06 on Tuesday, reaching $200.97. 156,320 shares of the company’s stock were exchanged, compared to its average volume of 2,400,019. The business has a fifty day moving average of $172.75 and a 200-day moving average of $157.37. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $204.37. The firm has a market capitalization of $51.72 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 0.57 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm earned $1.82 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a — dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were issued a $0.40 dividend. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 17.45%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Naftali Holtz acquired 5,350 shares of Royal Caribbean Cruises stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 7.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RCL. Truist Financial boosted their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Mizuho boosted their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Tigress Financial raised their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Citigroup lifted their price target on shares of Royal Caribbean Cruises from $204.00 to $253.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Susquehanna increased their price objective on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $189.06.

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.