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

Vinva Investment Management Ltd lowered its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 60.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,724 shares of the company’s stock after selling 16,187 shares during the quarter. Vinva Investment Management Ltd’s holdings in Royal Caribbean Cruises were worth $1,904,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of 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 valued at $326,616,000 after buying an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. lifted its position in Royal Caribbean Cruises by 105.7% in the 2nd 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. Swiss National Bank lifted its position in Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after acquiring an additional 3,800 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Royal Caribbean Cruises by 0.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock valued at $90,969,000 after purchasing an additional 1,865 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Royal Caribbean Cruises by 4.5% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company’s stock worth $79,415,000 after purchasing an additional 21,326 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. Wells Fargo & Company raised their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Tigress Financial lifted their price objective on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Finally, Bank of America boosted 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. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $224.38.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $244.06 on Friday. The firm has a market cap of $65.62 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 0.64 and a beta of 2.59. The stock has a fifty day simple moving average of $208.22 and a two-hundred day simple moving average of $174.80. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 1-year low of $106.12 and a 1-year high of $245.91.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share 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 company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the company earned $3.85 EPS. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This trade represents a 40.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 over the last quarter. 7.95% of the stock is currently owned by company insiders.

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.