Linden Thomas Advisory Services LLC Invests $1.33 Million in Royal Caribbean Cruises Ltd. $RCL

Linden Thomas Advisory Services LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,261 shares of the company’s stock, valued at approximately $1,334,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Frazier Financial Advisors LLC raised its stake in Royal Caribbean Cruises by 27.1% in the second quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares in the last quarter. Prosperity Financial Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 0.5% in the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock worth $2,172,000 after buying an additional 32 shares during the last quarter. CX Institutional raised its position in shares of Royal Caribbean Cruises by 1.4% during the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after buying an additional 34 shares in the last quarter. Tritonpoint Wealth LLC raised its position in shares of Royal Caribbean Cruises by 0.8% during the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock valued at $1,422,000 after buying an additional 38 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Royal Caribbean Cruises by 1.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock valued at $1,197,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price objective on the stock. Barclays raised their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $332.14.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $316.59 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The firm has a market capitalization of $85.99 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 0.95 and a beta of 2.08. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The company has a 50-day simple moving average of $329.49 and a two-hundred day simple moving average of $293.16.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the company’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock valued at $10,091,282 in the last three months. 6.95% of the stock is currently owned by company insiders.

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.