Natixis Advisors LLC Grows Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Natixis Advisors LLC increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,659 shares of the company’s stock after purchasing an additional 4,008 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Royal Caribbean Cruises worth $32,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of Royal Caribbean Cruises by 1.0% during the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after buying an additional 286,868 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after acquiring an additional 400,565 shares during the period. D1 Capital Partners L.P. raised 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 valued at $241,075,000 after acquiring an additional 777,103 shares in the last quarter. Capital International Inc. CA raised its position in Royal Caribbean Cruises by 3.3% during the first quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock valued at $83,672,000 after acquiring an additional 19,065 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Royal Caribbean Cruises by 0.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock worth $90,969,000 after purchasing an additional 1,865 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Down 0.7 %

Shares of RCL opened at $231.49 on Monday. The stock has a 50 day moving average price of $193.66 and a 200 day moving average price of $168.33. Royal Caribbean Cruises Ltd. has a one year low of $101.04 and a one year high of $238.10. 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 stock has a market capitalization of $62.24 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 0.61 and a beta of 2.59.

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

Insider Activity at Royal Caribbean Cruises

In other 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 value of $518,445.83. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the transaction, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,796 shares of company stock valued at $7,170,759. Corporate insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

RCL has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. Susquehanna lifted their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Truist Financial upped their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.