Institutional investors play a crucial role in the financial market. Their investment decisions can affect the performance of individual stocks and even entire markets. Balentine LLC is one such institutional investor that has recently taken a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL), according to its most recent disclosure with the Securities & Exchange Commission.
This move by Balentine LLC, wherein it purchased 4,404 shares of RCL, clearly reflects their confidence in the overall future prospects of Royal Caribbean Cruises Ltd. As per reports, these shares are valued at approximately $218,000 which speaks volumes about the sizeable investment made by this renowned institutional investor.
If you’re wondering about what other hedge funds might be holding RCL at present, all you need to do is visit HoldingsChannel.com. This platform provides users with an up-to-date listing of 13F filings as well as insider trades for Royal Caribbean Cruises Ltd.
While RCL opened at $63.16 on Tuesday, it’s interesting to note that its current ratio stands at 0.37 while its quick ratio is 0.35 – indicative of strong liquidity levels within the company currently. However, it does have a heavy debt-to-equity ratio of 7.43 which could raise concerns among potential investors.
Royal Caribbean Cruises Ltd.’s impressive 1-year high of $87.68 shows great potential for healthy returns on investment and is undoubtedly worth considering for those seeking long-term profits in the cruise industry sector.
In conclusion, Balentine LLC’s exciting stake acquisition in RCL is only one example of how hedge funds can impact certain stocks in a significant manner. Investors would benefit from keeping an eye out for further developments from these institutional investors and adapting their portfolios accordingly for profitable returns over time.
Institutional Ownership and Analyst Ratings for Royal Caribbean Cruises Ltd (NYSE:RCL)
Royal Caribbean Cruises Ltd (NYSE:RCL) has witnessed a significant change in the ownership stakes of various institutional investors and hedge funds. Sawtooth Solutions, for instance, has increased their holdings by 2% to own 12,802 shares valued at $485,000. On the other hand, USS Investment Management has boosted its shares by 26.5%, owning 94,553 shares worth $3,584,000. The company’s total stocks owned by institutional investors and hedge funds stand at 74.27%.
Analyst ratings show that Deutsche Bank Aktiengesellschaft provided a “hold” rating to Royal Caribbean Cruises with a price objective of $65 while Barclays increased its price target to $88 and awarded it an “overweight” rating. Analysts from Morgan Stanley expect the stock to perform with an “equal weight” designation and a targeted share price of $60.
The company reported revenue of $2.60 billion during the last quarter compared to analysts’ expectations of $2.61 billion; earnings per share (EPS) stood at ($1.12), beating consensus estimates by 25 cents per share.
Royal Caribbean Group is one of the leading cruise operators globally that owns and operates three global brands – Royal Caribbean International, Celebrity Cruises as well as Silversea Cruises – along with its interest in TUI Cruises GmbH which operates Hapag-Lloyd and TUI cruises in Germany.
Overall market sentiment sees some bullishness on this stock with eight buy ratings out of fourteen analyst ratings according to Bloomberg data at present; two have Sell ratings while four remain Neutral or Hold-rated evaluation.
To better understand further changes in institutional investor and hedge fund ownership stakes or even insider trading activities around RCL shares please visit HoldingsChannel.com for more information.
