Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,781,143 shares of the company’s stock after selling 93,300 shares during the quarter. Primecap Management Co. CA’s holdings in Royal Caribbean Cruises were worth $847,984,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Royal Caribbean Cruises by 18.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 22,801 shares of the company’s stock worth $3,170,000 after acquiring an additional 3,564 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 411.0% in the first quarter. Bessemer Group Inc. now owns 14,119 shares of the company’s stock worth $1,962,000 after acquiring an additional 11,356 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings in shares of Royal Caribbean Cruises by 26.3% in the first quarter. Lake Street Advisors Group LLC now owns 2,930 shares of the company’s stock worth $407,000 after acquiring an additional 610 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Royal Caribbean Cruises by 7.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 96,265 shares of the company’s stock worth $13,379,000 after acquiring an additional 6,780 shares during the last quarter. Finally, Pitcairn Co. raised its holdings in shares of Royal Caribbean Cruises by 3.8% in the first quarter. Pitcairn Co. now owns 2,376 shares of the company’s stock worth $330,000 after acquiring an additional 88 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,796 shares of company stock worth $7,170,759. 7.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. StockNews.com cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, UBS Group lifted their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $235.87 on Thursday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1-year low of $102.77 and a 1-year high of $238.69. The business has a 50-day moving average of $198.10 and a 200-day moving average of $170.13. The company has a market capitalization of $63.42 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 0.62 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the firm posted $3.85 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

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.