Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 98.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,196 shares of the company’s stock after selling 93,975 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in Royal Caribbean Cruises by 18.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 22,801 shares of the company’s stock worth $3,170,000 after purchasing an additional 3,564 shares during the period. Bessemer Group Inc. boosted its holdings in Royal Caribbean Cruises by 411.0% in the first quarter. Bessemer Group Inc. now owns 14,119 shares of the company’s stock valued at $1,962,000 after acquiring an additional 11,356 shares during the last quarter. Lake Street Advisors Group LLC grew its position in Royal Caribbean Cruises by 26.3% during the first quarter. Lake Street Advisors Group LLC now owns 2,930 shares of the company’s stock valued at $407,000 after acquiring an additional 610 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Royal Caribbean Cruises by 7.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 96,265 shares of the company’s stock worth $13,379,000 after acquiring an additional 6,780 shares during the last quarter. Finally, Pitcairn Co. raised its holdings in shares of Royal Caribbean Cruises by 3.8% in the 1st quarter. Pitcairn Co. now owns 2,376 shares of the company’s stock worth $330,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling

In other news, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 9,964 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 34,796 shares of company stock worth $7,170,759 over the last ninety days. 7.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RCL shares. Barclays increased their target price on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Tigress Financial increased their price objective on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial upped their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. The Goldman Sachs Group raised their price objective on Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Royal Caribbean Cruises Price Performance

Shares of RCL stock opened at $231.76 on Tuesday. The firm has a market cap of $62.31 billion, a P/E ratio of 23.82, a P/E/G ratio of 0.61 and a beta of 2.59. The firm has a fifty day moving average of $195.09 and a two-hundred day moving average of $168.99. 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 $102.77 and a 1-year high of $238.10.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data 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. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the company earned $3.85 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Royal Caribbean Cruises Company 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.