First Horizon Advisors Inc. Has $65,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

First Horizon Advisors Inc. cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 32.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369 shares of the company’s stock after selling 175 shares during the quarter. First Horizon Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. D1 Capital Partners L.P. lifted its holdings in shares of 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 purchasing an additional 777,103 shares during the period. International Assets Investment Management LLC lifted its holdings in Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after buying an additional 406,048 shares during the period. Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 400,565 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $35,038,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Royal Caribbean Cruises by 809.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company’s stock worth $27,601,000 after acquiring an additional 154,090 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $241.49 on Monday. The company has a market capitalization of $64.93 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.63 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 12 month low of $103.61 and a 12 month high of $242.20. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The stock has a 50 day moving average of $201.02 and a 200 day moving average of $171.70.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data 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 the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.85 earnings per share. As a group, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the business’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 sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the transaction, the director now directly owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 407,405 shares of company stock worth $94,817,966 over the last ninety days. 7.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Wells Fargo & Company lifted their target price on shares of 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 Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, November 18th. The Goldman Sachs Group raised their price objective on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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.