Man Group plc bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 33,243 shares of the company's stock, valued at approximately $10,556,000.
Several other hedge funds and other institutional investors have also bought and sold shares of RCL. Brighton Jones LLC raised its holdings in shares of Royal Caribbean Cruises by 12.2% during the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock valued at $303,000 after purchasing an additional 143 shares during the last quarter. Woodline Partners LP boosted its holdings in Royal Caribbean Cruises by 40.8% in the first quarter. Woodline Partners LP now owns 20,918 shares of the company's stock worth $4,297,000 after purchasing an additional 6,063 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Royal Caribbean Cruises in the second quarter worth approximately $1,762,000. Baird Financial Group Inc. grew its position in Royal Caribbean Cruises by 5.4% in the 2nd quarter. Baird Financial Group Inc. now owns 4,772 shares of the company's stock worth $1,494,000 after purchasing an additional 243 shares during the period. Finally, Brown Advisory Inc. bought a new stake in Royal Caribbean Cruises in the 2nd quarter worth approximately $357,000. Institutional investors own 87.53% of the company's stock.
Insider Activity
In other news, CEO Michael W. Bayley sold 12,811 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the completion of the sale, the chief executive officer directly owned 45,297 shares of the company's stock, valued at $14,313,399.03. This represents a 22.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.44% of the stock is currently owned by company insiders.
Royal Caribbean Cruises Stock Performance
Shares of NYSE RCL opened at $279.93 on Friday. Royal Caribbean Cruises Ltd. has a 12-month low of $232.10 and a 12-month high of $366.50. The firm has a market capitalization of $74.87 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.97 and a beta of 1.77. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03. The firm has a 50 day moving average of $302.18 and a 200 day moving average of $290.18.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the firm posted $4.38 EPS. The firm's quarterly revenue 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. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Barclays decreased their target price on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an "overweight" rating for the company in a research note on Friday, May 1st. TD Cowen cut their price objective on Royal Caribbean Cruises from $350.00 to $337.00 and set a "buy" rating for the company in a report on Friday, May 15th. Susquehanna lifted their price objective on Royal Caribbean Cruises from $350.00 to $372.00 and gave the stock a "positive" rating in a report on Wednesday, July 29th. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $410.00 to $415.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised Royal Caribbean Cruises from a "strong sell" rating to a "hold" rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $353.40.
Read Our Latest Analysis on Royal Caribbean Cruises
Royal Caribbean Cruises Profile
(
Free Report)
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.
Further Reading
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