Amundi increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 41.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 914,448 shares of the company's stock after buying an additional 267,923 shares during the period. Amundi owned 0.34% of Royal Caribbean Cruises worth $172,511,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in RCL. Nuveen LLC bought a new position in Royal Caribbean Cruises during the first quarter worth $358,614,000. GAMMA Investing LLC lifted its position in Royal Caribbean Cruises by 22,154.9% during the first quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock worth $289,868,000 after purchasing an additional 1,404,622 shares during the period. Janus Henderson Group PLC lifted its position in Royal Caribbean Cruises by 3,544.4% during the fourth quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock worth $222,166,000 after purchasing an additional 936,609 shares during the period. Vanguard Group Inc. raised its stake in Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after acquiring an additional 602,447 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Royal Caribbean Cruises by 21.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after buying an additional 535,043 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.
Royal Caribbean Cruises Stock Performance
NYSE RCL traded down $1.02 on Monday, hitting $351.25. 1,587,254 shares of the company traded hands, compared to its average volume of 2,475,354. Royal Caribbean Cruises Ltd. has a 52-week low of $154.08 and a 52-week high of $366.50. The company has a market capitalization of $95.41 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 0.99 and a beta of 2.12. The business's 50 day moving average price is $334.99 and its 200-day moving average price is $267.60. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the previous year, the firm earned $3.21 EPS. The firm's revenue 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. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.
Insider Buying and Selling at Royal Caribbean Cruises
In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares of the company's stock, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the transaction, the director directly owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock valued at $10,091,282 in the last quarter. 6.95% of the stock is owned by insiders.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Loop Capital reissued a "buy" rating and set a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Jefferies Financial Group boosted their price target 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. Sanford C. Bernstein upped their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen cut Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Finally, Bank of America upped their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $327.14.
Check Out Our Latest Report on Royal Caribbean Cruises
About Royal Caribbean Cruises
(
Free Report)
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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