Marathon Trading Investment Management LLC Acquires Shares of 1,965 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Marathon Trading Investment Management LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,965 shares of the company’s stock, valued at approximately $349,000.

A number of other institutional investors have also recently made changes to their positions in RCL. Kingsview Wealth Management LLC purchased a new position in Royal Caribbean Cruises during the first quarter valued at approximately $392,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Royal Caribbean Cruises by 1.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 140,234 shares of the company’s stock valued at $19,504,000 after acquiring an additional 1,354 shares during the period. Vanguard Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 0.5% during the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after purchasing an additional 132,079 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in Royal Caribbean Cruises by 2.3% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 8,516 shares of the company’s stock worth $1,184,000 after acquiring an additional 193 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Royal Caribbean Cruises by 18.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,801 shares of the company’s stock valued at $3,170,000 after purchasing an additional 3,564 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 10.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,796 shares of company stock worth $7,170,759. 7.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RCL shares. Macquarie upped their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price target on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Royal Caribbean Cruises Stock Down 0.7 %

Shares of Royal Caribbean Cruises stock opened at $231.49 on Friday. The company has a market cap of $62.24 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 0.61 and a beta of 2.59. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The company’s 50 day moving average is $193.66 and its 200 day moving average is $168.11. Royal Caribbean Cruises Ltd. has a twelve month low of $101.04 and a twelve month high of $238.10.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.85 earnings per share. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Royal Caribbean Cruises 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.