Vinva Investment Management Ltd Sells 16,187 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Vinva Investment Management Ltd lowered its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 60.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,724 shares of the company’s stock after selling 16,187 shares during the period. Vinva Investment Management Ltd’s holdings in Royal Caribbean Cruises were worth $1,904,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. D1 Capital Partners L.P. raised its stake in Royal Caribbean Cruises by 105.7% during the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock worth $241,075,000 after acquiring an additional 777,103 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Royal Caribbean Cruises by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after purchasing an additional 400,565 shares in the last quarter. Forest Avenue Capital Management LP bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $35,038,000. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Royal Caribbean Cruises by 809.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company’s stock valued at $27,601,000 after buying an additional 154,090 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the transaction, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 9,964 shares of the company’s stock, 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. Insiders sold 404,332 shares of company stock valued at $94,299,521 over the last 90 days. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.0 %

RCL opened at $244.06 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $106.12 and a twelve month high of $245.91. The company has a fifty day moving average of $208.22 and a 200-day moving average of $174.80. The stock has a market cap of $65.62 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 0.64 and a beta of 2.59. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 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 for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the prior year, the firm posted $3.85 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RCL shares. Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America boosted their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research note on Tuesday. They issued an “outperform” rating and a $290.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.38.

Royal Caribbean Cruises Company 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.