17,928 Shares in Royal Caribbean Cruises Ltd. $RCL Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management acquired 17,928 Royal Caribbean shares worth approximately $5.7 million during the second quarter. Institutional investors collectively own 87.53% of the company.
• Royal Caribbean reported quarterly EPS of $4.21, exceeding estimates of $3.98, while revenue rose 6.5% year over year to $4.83 billion. The company issued fiscal 2026 EPS guidance of $17.730–$17.870.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $353.40, compared with shares opening at $284.62. CEO Michael Bayley separately sold 12,811 shares for about $4.05 million.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,928 shares of the company's stock, valued at approximately $5,693,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Montag A & Associates Inc. raised its position in shares of Royal Caribbean Cruises by 184.4% during the 4th quarter. Montag A & Associates Inc. now owns 91 shares of the company's stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Bell Investment Advisors Inc bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth $29,000. Ares Financial Consulting LLC bought a new position in shares of Royal Caribbean Cruises in the 4th quarter worth $26,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $30,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Trading Down 1.9%

Shares of NYSE:RCL opened at $284.62 on Friday. The firm has a market cap of $76.12 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 0.99 and a beta of 1.77. The company's fifty day simple moving average is $302.83 and its 200 day simple moving average is $290.25. Royal Caribbean Cruises Ltd. has a 12 month low of $232.10 and a 12 month high of $366.50. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 2.03.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%.The company had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.82 billion. During the same period in the prior year, the firm earned $4.38 earnings per share. Royal Caribbean Cruises's revenue for the quarter was up 6.5% compared to the same quarter last year. 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. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their target price on Royal Caribbean Cruises from $361.00 to $388.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $410.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Morgan Stanley upped their price target on Royal Caribbean Cruises from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $296.00 price target on shares of Royal Caribbean Cruises in a research report on Friday, May 1st. Finally, Barclays reduced their price objective on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an "overweight" rating on the stock in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $353.40.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 12,811 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total transaction of $4,048,147.89. Following the completion of the transaction, the chief executive officer directly owned 45,297 shares of the company's stock, valued at $14,313,399.03. This trade represents a 22.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.44% of the stock is owned by corporate insiders.

Royal Caribbean Cruises 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source