Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 84.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,735 shares of the company’s stock after acquiring an additional 2,622 shares during the period. AustralianSuper Pty Ltd’s holdings in Royal Caribbean Cruises were worth $1,017,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. increased its position in shares of Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares in the last quarter. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises during the second quarter worth approximately $27,000. Versant Capital Management Inc lifted its stake in Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 172 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 50.3% in the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock valued at $37,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 1.0 %

NYSE:RCL opened at $206.35 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $83.25 and a 1 year high of $214.12. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a fifty day moving average price of $180.26 and a two-hundred day moving average price of $161.00. The stock has a market capitalization of $55.48 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.61 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the firm posted $3.85 EPS. The business’s revenue was up 17.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the sale, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RCL shares. JPMorgan Chase & Co. lifted their target price on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a report on Tuesday. Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday. Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group raised 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. Finally, Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $214.00.

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.