Ilmarinen Mutual Pension Insurance Co Purchases 25,000 Shares of Royal Caribbean Cruises Ltd. $RCL

Ilmarinen Mutual Pension Insurance Co increased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 200.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,500 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Royal Caribbean Cruises were worth $7,704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RCL. Brighton Jones LLC lifted its stake in Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares during the period. Focus Partners Wealth lifted its stake in Royal Caribbean Cruises by 12.8% during the 4th quarter. Focus Partners Wealth now owns 10,641 shares of the company’s stock valued at $2,455,000 after acquiring an additional 1,211 shares during the period. LMR Partners LLP purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $311,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Royal Caribbean Cruises by 16.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,750 shares of the company’s stock valued at $5,940,000 after purchasing an additional 3,610 shares during the last quarter. Finally, NorthRock Partners LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $547,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 1.6%

Shares of RCL opened at $345.59 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. Royal Caribbean Cruises Ltd. has a 1 year low of $154.08 and a 1 year high of $366.50. The company has a 50 day simple moving average of $336.36 and a two-hundred day simple moving average of $268.96. The firm has a market cap of $93.87 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 0.99 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the firm posted $3.21 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RCL shares. Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Citigroup upped their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Truist Financial set a $337.00 price target on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Susquehanna reissued a “positive” rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, Jefferies Financial Group increased their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $327.14.

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director directly owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by corporate insiders.

About Royal Caribbean Cruises

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.