Kovack Advisors Inc. Invests $247,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kovack Advisors Inc. purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,907 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RCL. West Branch Capital LLC lifted its stake in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares in the last quarter. Toth Financial Advisory Corp lifted its position in shares of Royal Caribbean Cruises by 24.6% in the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after acquiring an additional 100 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Royal Caribbean Cruises by 14.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock worth $119,000 after acquiring an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Royal Caribbean Cruises by 2.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock worth $584,000 after purchasing an additional 128 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in Royal Caribbean Cruises by 65.0% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a research note on Friday. Susquehanna boosted their target price on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Friday. Morgan Stanley lifted their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Macquarie upped their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Finally, Barclays lifted their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.76.

Royal Caribbean Cruises Trading Up 2.0 %

Shares of RCL opened at $143.35 on Tuesday. Royal Caribbean Cruises Ltd. has a twelve month low of $65.10 and a twelve month high of $143.62. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The firm has a market capitalization of $36.89 billion, a P/E ratio of 18.47, a PEG ratio of 0.47 and a beta of 2.52. The firm’s 50-day moving average is $130.74 and its two-hundred day moving average is $118.25.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. The business’s revenue was up 29.2% on a year-over-year basis. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 10.8 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael W. Bayley sold 11,753 shares of the 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 transaction, the chief executive officer now directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by corporate 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.