Credit Suisse AG lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,989 shares of the company’s stock after buying an additional 5,105 shares during the quarter. Credit Suisse AG owned approximately 0.12% of Royal Caribbean Cruises worth $19,916,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Manchester Capital Management LLC bought a new position in Royal Caribbean Cruises during the 1st quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $36,000. BDO Wealth Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 74.0% during the first quarter. BDO Wealth Advisors LLC now owns 588 shares of the company’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Royal Caribbean Cruises by 42.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 613 shares of the company’s stock valued at $40,000 after buying an additional 182 shares during the period. Finally, Desjardins Global Asset Management Inc. bought a new position in Royal Caribbean Cruises in the first quarter worth approximately $45,000. 71.08% of the stock is currently owned by institutional investors.
Insider Activity
In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 18,908 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $106.74, for a total transaction of $2,018,239.92. Following the completion of the transaction, the chief accounting officer now owns 23,521 shares in the company, valued at approximately $2,510,631.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Henry L. Pujol sold 18,908 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $106.74, for a total transaction of $2,018,239.92. Following the sale, the chief accounting officer now directly owns 23,521 shares of the company’s stock, valued at approximately $2,510,631.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Naftali Holtz sold 5,949 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $110.62, for a total value of $658,078.38. Following the sale, the chief financial officer now owns 30,967 shares in the company, valued at $3,425,569.54. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Royal Caribbean Cruises
Royal Caribbean Cruises Stock Performance
Shares of RCL stock opened at $102.43 on Thursday. The business has a fifty day moving average of $101.68 and a 200 day moving average of $82.15. Royal Caribbean Cruises Ltd. has a 1 year low of $36.92 and a 1 year high of $112.95. The company has a debt-to-equity ratio of 5.28, a current ratio of 0.20 and a quick ratio of 0.18. The firm has a market capitalization of $26.24 billion, a price-to-earnings ratio of -320.08 and a beta of 2.47.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.24. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Royal Caribbean Cruises had a positive return on equity of 6.76% and a negative net margin of 0.47%. The company’s revenue for the quarter was up 61.3% compared to the same quarter last year. During the same period last year, the business posted ($2.08) earnings per share. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 6.22 earnings per share for the current year.
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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
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