Vise Technologies Inc. purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,959 shares of the company’s stock, valued at approximately $3,480,000.
Other hedge funds have also modified their holdings of the company. Montag A & Associates Inc. raised its holdings in shares of Royal Caribbean Cruises by 184.4% during the fourth quarter. Montag A & Associates Inc. now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Ares Financial Consulting LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at about $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at about $26,000. IMG Wealth Management Inc. acquired a new position in Royal Caribbean Cruises in the 1st quarter worth about $27,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Royal Caribbean Cruises in the 4th quarter worth about $27,000. 87.53% of the stock is owned by institutional investors and hedge funds.
Royal Caribbean Cruises Price Performance
NYSE RCL opened at $292.29 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $232.10 and a fifty-two week high of $366.50. The stock’s 50-day moving average is $304.42 and its two-hundred day moving average is $291.73. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.21 and a quick ratio of 0.19. The firm has a market cap of $78.17 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 0.98 and a beta of 1.77.
Insider Activity
In related news, CEO Michael W. Bayley sold 12,811 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the transaction, the chief executive officer directly owned 45,297 shares in the company, valued at approximately $14,313,399.03. This trade represents a 22.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.44% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on RCL shares. Wells Fargo & Company raised their price target on Royal Caribbean Cruises from $361.00 to $388.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Citigroup boosted their price target on Royal Caribbean Cruises from $327.00 to $362.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, July 28th. BMO Capital Markets started coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 7th. They set an “outperform” rating and a $370.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $296.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $353.40.
Check Out Our Latest Stock Report on Royal Caribbean Cruises
Royal Caribbean Cruises Profile
Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.
Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.
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