Royal Caribbean Cruises Ltd. (NYSE:RCL) is D1 Capital Partners L.P.’s 4th Largest Position

D1 Capital Partners L.P. grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,570,262 shares of the company’s stock after acquiring an additional 58,159 shares during the quarter. Royal Caribbean Cruises makes up about 5.4% of D1 Capital Partners L.P.’s holdings, making the stock its 4th biggest holding. D1 Capital Partners L.P.’s holdings in Royal Caribbean Cruises were worth $278,502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FSM Wealth Advisors LLC boosted its position in Royal Caribbean Cruises by 3.2% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after acquiring an additional 51 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Royal Caribbean Cruises by 20.9% during the third quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock valued at $63,000 after purchasing an additional 61 shares in the last quarter. Venture Visionary Partners LLC grew its stake in Royal Caribbean Cruises by 4.8% in the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock valued at $242,000 after purchasing an additional 62 shares during the last quarter. Empower Advisory Group LLC raised its holdings in Royal Caribbean Cruises by 3.7% in the third quarter. Empower Advisory Group LLC now owns 1,755 shares of the company’s stock worth $311,000 after purchasing an additional 63 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. grew its holdings in Royal Caribbean Cruises by 3.3% in the third quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company’s stock worth $390,000 after purchasing an additional 70 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Tigress Financial raised their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley raised their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Bank of America increased their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $224.38.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. This trade represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock worth $94,299,521 over the last ninety days. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 1.2 %

Shares of Royal Caribbean Cruises stock opened at $241.62 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $105.36 and a 1-year high of $245.91. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The stock has a market cap of $64.97 billion, a P/E ratio of 24.83, a P/E/G ratio of 0.64 and a beta of 2.59. The stock’s 50 day simple moving average is $206.82 and its 200-day simple moving average is $174.08.

Royal Caribbean Cruises (NYSE:RCL) last posted 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 analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm earned $3.85 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. Analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal 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 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.