Freestone Grove Partners LP Makes New Investment in Royal Caribbean Cruises Ltd. $RCL

Freestone Grove Partners LP bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 85,553 shares of the company’s stock, valued at approximately $27,166,000.

Several other hedge funds have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Royal Caribbean Cruises by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,485 shares of the company’s stock worth $693,000 after buying an additional 30 shares during the period. AlphaStar Capital Management LLC raised its position in Royal Caribbean Cruises by 4.1% during the fourth quarter. AlphaStar Capital Management LLC now owns 779 shares of the company’s stock valued at $217,000 after buying an additional 31 shares during the period. Kestra Investment Management LLC raised its position in Royal Caribbean Cruises by 2.6% during the fourth quarter. Kestra Investment Management LLC now owns 1,208 shares of the company’s stock valued at $337,000 after buying an additional 31 shares during the period. Waterloo Capital L.P. lifted its stake in Royal Caribbean Cruises by 2.9% in the 4th quarter. Waterloo Capital L.P. now owns 1,191 shares of the company’s stock worth $332,000 after acquiring an additional 34 shares in the last quarter. Finally, REAP Financial Group LLC boosted its position in Royal Caribbean Cruises by 16.8% during the 4th quarter. REAP Financial Group LLC now owns 243 shares of the company’s stock worth $68,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RCL shares. BMO Capital Markets assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 7th. They set an “outperform” rating and a $370.00 price target on the stock. Zacks Research raised Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 18th. Truist Financial dropped their target price on Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating on the stock in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft set a $296.00 price target on Royal Caribbean Cruises in a research note on Friday, May 1st. Finally, UBS Group reissued a “buy” rating and issued a $367.00 price target on shares of Royal Caribbean Cruises in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $353.40.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 12,811 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the completion of the sale, the chief executive officer directly owned 45,297 shares in the company, valued at approximately $14,313,399.03. The trade was a 22.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.44% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Down 1.9%

Royal Caribbean Cruises stock opened at $284.62 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03. Royal Caribbean Cruises Ltd. has a 1-year low of $232.10 and a 1-year high of $366.50. The firm’s fifty day simple moving average is $302.83 and its 200-day simple moving average is $290.25. The company has a market capitalization of $76.12 billion, a P/E ratio of 17.59, a P/E/G ratio of 0.99 and a beta of 1.77.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.23. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. Royal Caribbean Cruises’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.38 earnings per share. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current fiscal year.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel?agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.