Mount Lucas Management LP Has $1.25 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mount Lucas Management LP grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,073 shares of the company’s stock after acquiring an additional 182 shares during the quarter. Mount Lucas Management LP’s holdings in Royal Caribbean Cruises were worth $1,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in RCL. Natixis Advisors LLC grew its holdings in Royal Caribbean Cruises by 2.3% during the 3rd quarter. Natixis Advisors LLC now owns 180,659 shares of the company’s stock valued at $32,042,000 after buying an additional 4,008 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in Royal Caribbean Cruises by 372.6% in the third quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after buying an additional 68,008 shares during the last quarter. Ipswich Investment Management Co. Inc. lifted its holdings in shares of Royal Caribbean Cruises by 3.3% during the third quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company’s stock valued at $390,000 after purchasing an additional 70 shares in the last quarter. CIBC Asset Management Inc grew its position in Royal Caribbean Cruises by 8.2% in the 3rd quarter. CIBC Asset Management Inc now owns 35,573 shares of the company’s stock worth $6,309,000 after purchasing an additional 2,687 shares during the period. Finally, Metis Global Partners LLC increased its position in shares of Royal Caribbean Cruises by 1.5% during the 3rd quarter. Metis Global Partners LLC now owns 9,674 shares of the company’s stock valued at $1,716,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value 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 $42,953,500.42. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,796 shares of company stock valued at $7,170,759. 7.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Susquehanna increased their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, July 30th. UBS Group lifted their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Citigroup increased their price objective on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Mizuho increased their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $231.49 on Friday. The firm 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. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1-year low of $101.04 and a 1-year high of $238.10. The company’s 50-day moving average is $193.66 and its two-hundred day moving average is $168.11.

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

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.