Thoroughbred Financial Services LLC Invests $208,000 in Royal Caribbean Cruises Ltd. $RCL

Thoroughbred Financial Services LLC bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 665 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds also recently added to or reduced their stakes in RCL. Opal Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth about $31,000. 1 North Wealth Services LLC acquired a new stake in Royal Caribbean Cruises during the second quarter worth about $31,000. Trust Co. of Toledo NA OH purchased a new position in Royal Caribbean Cruises during the second quarter valued at approximately $32,000. Finally, Frazier Financial Advisors LLC lifted its holdings 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 acquiring an additional 29 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the sale, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Performance

RCL opened at $251.69 on Wednesday. The firm’s fifty day simple moving average is $302.30 and its two-hundred day simple moving average is $302.07. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a market cap of $68.64 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.84 and a beta of 2.04. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the company earned $5.20 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RCL shares. Mizuho dropped their price objective on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. TD Cowen started coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday. They set an “overweight” rating and a $320.00 target price on the stock. Finally, Bank of America lifted their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $326.82.

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.