Thrivent Financial for Lutherans Increases Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Thrivent Financial for Lutherans increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,040 shares of the company’s stock after acquiring an additional 2,286 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Royal Caribbean Cruises were worth $4,086,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accent Capital Management LLC raised its position in shares of Royal Caribbean Cruises by 2,127.1% in the 3rd quarter. Accent Capital Management LLC now owns 2,962 shares of the company’s stock valued at $525,000 after purchasing an additional 2,829 shares in the last quarter. Mount Lucas Management LP boosted its stake in Royal Caribbean Cruises by 2.6% during the 3rd quarter. Mount Lucas Management LP now owns 7,073 shares of the company’s stock valued at $1,254,000 after acquiring an additional 182 shares during the last quarter. Natixis Advisors LLC grew its holdings in Royal Caribbean Cruises by 2.3% during the 3rd quarter. Natixis Advisors LLC now owns 180,659 shares of the company’s stock worth $32,042,000 after acquiring an additional 4,008 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of Royal Caribbean Cruises by 372.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after purchasing an additional 68,008 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. increased its position in shares of Royal Caribbean Cruises by 3.3% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company’s stock worth $390,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity

In other news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 407,405 shares of company stock worth $94,817,966 over the last three months. Corporate insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RCL. The Goldman Sachs Group lifted their price target on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Citigroup increased their target price on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Royal Caribbean Cruises Stock Up 1.7 %

Shares of Royal Caribbean Cruises stock opened at $241.49 on Monday. 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 $103.61 and a 1-year high of $242.20. The business’s fifty day moving average price is $201.02 and its two-hundred day moving average price is $171.70. The company has a market capitalization of $64.93 billion, a P/E ratio of 24.82, a PEG ratio of 0.63 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted 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. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.85 earnings per share. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

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.