Caprock Group LLC Purchases 651 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Caprock Group LLC raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 28.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,933 shares of the company’s stock after acquiring an additional 651 shares during the period. Caprock Group LLC’s holdings in Royal Caribbean Cruises were worth $521,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after purchasing an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. lifted its position in Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock worth $241,075,000 after buying an additional 777,103 shares in the last quarter. Swiss National Bank boosted its stake in shares of Royal Caribbean Cruises by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after buying an additional 3,800 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Royal Caribbean Cruises by 0.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock valued at $90,969,000 after acquiring an additional 1,865 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Royal Caribbean Cruises by 4.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company’s stock valued at $79,415,000 after acquiring an additional 21,326 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.7 %

RCL stock opened at $241.49 on Friday. The business’s fifty day moving average price is $201.02 and its two-hundred day moving average price is $171.29. The stock has a market capitalization of $64.93 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.62 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a fifty-two week low of $103.61 and a fifty-two week high of $242.20. 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 (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the company earned $3.85 EPS. The business’s revenue was up 17.5% on a year-over-year basis. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now directly owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 407,405 shares of company stock valued at $94,817,966 over the last 90 days. 7.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on RCL shares. Macquarie boosted their price target on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Stifel Nicolaus lifted their price objective 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. The Goldman Sachs Group upped their target price on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial lifted their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.