23,138 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired 23,138 shares of Royal Caribbean Cruises Ltd., valued at approximately $4.75 million, marking a significant investment in the company.
• Royal Caribbean Cruises reported a 10.4% year-over-year increase in revenue for the quarter, reaching $4.54 billion, with earnings per share of $4.38, surpassing analysts' expectations.
• Analyst ratings for Royal Caribbean Cruises vary, with 18 buy ratings, 5 hold ratings, and a target price increase from Barclays to $358.00, reflecting positive investor sentiment.

ASR Vermogensbeheer N.V. purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 23,138 shares of the company's stock, valued at approximately $4,754,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $25,000. Hughes Financial Services LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $26,000. Optimum Investment Advisors purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $31,000. Fourth Dimension Wealth LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $35,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $309.59 on Friday. The company has a market capitalization of $84.09 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.88 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a 52 week low of $149.50 and a 52 week high of $355.91. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The firm has a 50 day moving average of $307.62 and a 200 day moving average of $255.87.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.21 earnings per share. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises 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 transaction, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction on Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director directly owned 165,421 shares in the company, valued at $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.95% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on RCL shares. Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Barclays boosted their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. TD Cowen began coverage on Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 target price for the company. Finally, Wall Street Zen downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average price target of $321.10.

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.

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