Callan Capital LLC Invests $288,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Callan Capital LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,221 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $26,000. ST Germain D J Co. Inc. grew its holdings in 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 purchased a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $33,000. Hanseatic Management Services Inc. purchased a new stake in Royal Caribbean Cruises in the third quarter valued at approximately $36,000. Finally, West Branch Capital LLC grew its holdings in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RCL has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a report on Friday. UBS Group boosted their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 16th. Mizuho lifted their price target on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Friday. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, Wells Fargo & Company lifted their price target on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus price target of $138.76.

Royal Caribbean Cruises Stock Performance

RCL stock traded up $3.11 during trading on Friday, hitting $140.58. 2,759,776 shares of the company’s stock traded hands, compared to its average volume of 2,785,707. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises Ltd. has a 52 week low of $59.38 and a 52 week high of $141.70. The stock has a fifty day moving average price of $130.20 and a two-hundred day moving average price of $117.47. The stock has a market capitalization of $36.08 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.06 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction 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 $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is owned by insiders.

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.