Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,092 shares of the company’s stock after selling 895 shares during the quarter. Atria Investments Inc’s holdings in Royal Caribbean Cruises were worth $2,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. ProShare Advisors LLC lifted its holdings in Royal Caribbean Cruises by 34.9% in the first quarter. ProShare Advisors LLC now owns 41,409 shares of the company’s stock worth $5,756,000 after acquiring an additional 10,709 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Royal Caribbean Cruises by 76.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 24,807 shares of the company’s stock valued at $3,448,000 after purchasing an additional 10,780 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the first quarter worth approximately $392,000. Blair William & Co. IL lifted its holdings in shares of Royal Caribbean Cruises by 37.4% in the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after purchasing an additional 27,819 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Royal Caribbean Cruises by 27.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 265,982 shares of the company’s stock worth $36,974,000 after acquiring an additional 57,134 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Down 0.5 %

Royal Caribbean Cruises stock opened at $233.01 on Friday. 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 fifty-two week low of $101.00 and a fifty-two week high of $238.10. The company’s 50 day simple moving average is $190.67 and its 200 day simple moving average is $166.84. The firm has a market capitalization of $62.65 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 0.63 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share 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 quarter in the prior year, the company earned $3.85 earnings per share. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial upped their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America upped their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Insider Transactions at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the company’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 sale, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 25,000 shares of the business’s 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 directly owns 204,521 shares in the company, valued at $42,953,500.42. The trade was a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,796 shares of company stock valued at $7,170,759 over the last 90 days. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises 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.