Several hedge funds recently changed their investments in Royal Caribbean Cruises. Unique Wealth Strategies LLC invested about $27,000 in the second quarter. Versant Capital Management Inc increased its shares by over 905%, now owning 191 shares worth $30,000 after buying 172 more. Additionally, Scarborough Advisors LLC purchased $26,000 worth of shares in the fourth quarter, and AlphaMark Advisors LLC raised its stake by 233.3%, owning 200 shares valued at $32,000. Creekmur Asset Management LLC also bought a $30,000 stake. Altogether, institutional investors control 87.53% of the companys shares.
Wall Street Analysts Predict Growth
Analysts have been optimistic about Royal Caribbean Cruises. Truist Financial raised their target price from $175 to $204 and rated it “buy” as of September 26. Macquarie increased its target from $165 to $189, while UBS raised it from $168 to $183both gave “buy” ratings. Goldman Sachs upped their target from $170 to $195, calling it a “buy,” and Tigress Financial increased theirs from $155 to $210 with the same rating. Overall, three analysts rate it as “hold,” and fourteen say “buy,” resulting in a “Moderate Buy” consensus and a target price of $187.19.
Get Our Latest Analysis on Royal Caribbean Cruises
Insider Trading Activity
Recently, CFO Naftali Holtz bought 5,350 shares at $140 each for a total of $749,000, raising his holdings to 48,256 shares valued at about $6.76 million. Director Vagn O. Sorensen sold 5,800 shares at an average of $158.50, amounting to $919,300, now holding 25,837 shares worth around $4.10 million. Insiders own 7.95% of the company.
Royal Caribbean Shares Rise 5.3%
Royal Caribbean shares opened at $193.03. The stock has fluctuated between a low of $78.35 and a high of $193.21 over the past year. The company has a market cap of $49.68 billion and reported a EPS of $3.21, exceeding estimates of $2.76. Revenue was $4.10 billion, up 16.4% from the previous year, with expected EPS of 11.63 for the year.
Upcoming Dividend Announcement
The company announced a dividend of $0.40 per share, payable on October 11 to shareholders recorded on September 20, resulting in a payout ratio of 20.62%.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates globally under brands like Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, managing 65 ships.
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