Empower Advisory Group LLC Grows Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Empower Advisory Group LLC increased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,755 shares of the company’s stock after acquiring an additional 63 shares during the quarter. Empower Advisory Group LLC’s holdings in Royal Caribbean Cruises were worth $311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC increased its holdings in Royal Caribbean Cruises by 8.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,638 shares of the company’s stock worth $291,000 after acquiring an additional 132 shares in the last quarter. First Heartland Consultants Inc. purchased a new stake in Royal Caribbean Cruises in the 3rd quarter worth approximately $231,000. Prime Capital Investment Advisors LLC increased its holdings in Royal Caribbean Cruises by 5.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,154 shares of the company’s stock worth $737,000 after acquiring an additional 213 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in Royal Caribbean Cruises by 2.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,971 shares of the company’s stock worth $704,000 after acquiring an additional 91 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Royal Caribbean Cruises by 20.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock valued at $63,000 after buying an additional 61 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises 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 transaction, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,796 shares of company stock worth $7,170,759. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.7 %

Shares of RCL opened at $231.49 on Friday. The company has a market cap of $62.24 billion, a PE ratio of 23.79, a P/E/G ratio of 0.62 and a beta of 2.59. The business has a fifty day moving average of $192.17 and a 200 day moving average of $167.30. Royal Caribbean Cruises Ltd. has a 52-week low of $101.04 and a 52-week high of $238.10. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the firm posted $3.85 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of research analyst reports. Macquarie increased their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays increased their price objective on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

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.