Atria Investments Inc Sells 895 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Atria Investments Inc cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,092 shares of the company’s stock after selling 895 shares during the period. Atria Investments Inc’s holdings in Royal Caribbean Cruises were worth $2,145,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Capital International Investors raised its position in shares of Royal Caribbean Cruises by 1.0% during the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after acquiring an additional 286,868 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 0.5% in the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock worth $3,532,143,000 after purchasing an additional 132,079 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 worth $326,616,000 after acquiring an additional 400,565 shares in the last quarter. D1 Capital Partners L.P. lifted its holdings in 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 acquiring an additional 777,103 shares during the period. Finally, Capital International Inc. CA grew its position in Royal Caribbean Cruises by 3.3% during the first quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock valued at $83,672,000 after buying an additional 19,065 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises 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 sale, the director now owns 204,521 shares of the company’s stock, valued at $42,953,500.42. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This trade represents a 10.09 % decrease in their position. 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 in the last ninety days. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $233.01 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The business has a 50-day simple moving average of $190.67 and a two-hundred day simple moving average of $166.84. Royal Caribbean Cruises Ltd. has a fifty-two week low of $101.00 and a fifty-two week high of $238.10. The firm has a market cap of $62.65 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 0.63 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced 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. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the firm posted $3.85 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on RCL. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Bank of America upped their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup increased their price target on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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.