Gulf International Bank UK Ltd Lowers Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Gulf International Bank UK Ltd reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,919 shares of the company’s stock after selling 184 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Royal Caribbean Cruises were worth $3,355,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RCL. D1 Capital Partners L.P. grew its position 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 buying an additional 777,103 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after acquiring an additional 406,048 shares during the period. Dimensional Fund Advisors LP increased its stake in Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after purchasing an additional 400,565 shares in the last quarter. Capital International Investors raised its holdings in Royal Caribbean Cruises by 1.0% during the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after purchasing an additional 286,868 shares during the last quarter. Finally, Forest Avenue Capital Management LP purchased a new stake in Royal Caribbean Cruises during the second quarter worth $35,038,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the sale, the director now directly owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,596 shares of company stock worth $8,090,059 in the last three months. 7.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on RCL. Wells Fargo & Company lifted their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Bank of America raised their price objective on shares of Royal Caribbean Cruises from $205.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Citigroup upped their target price on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their price target on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $214.00.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $210.77 on Wednesday. Royal Caribbean Cruises Ltd. has a 1 year low of $89.75 and a 1 year high of $214.12. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a 50 day moving average price of $182.72 and a 200 day moving average price of $163.12. The company has a market cap of $56.67 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 0.53 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.85 EPS. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

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.