Assenagon Asset Management S.A. Has $7.30 Million Stake in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Assenagon Asset Management increased its Royal Caribbean stake by 278.7% in the second quarter, owning 23,007 shares valued at approximately $7.3 million. Institutional investors collectively own 87.53% of RCL.
• Royal Caribbean reported quarterly EPS of $4.21, beating estimates of $3.98, while revenue rose 6.5% year over year to $4.83 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $353.40.
• CEO Michael W. Bayley sold 12,811 shares for roughly $4.05 million, reducing his direct ownership by 22.05%. RCL shares opened at $307.13, compared with a 12-month range of $232.10 to $366.50.

Assenagon Asset Management S.A. grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 278.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,007 shares of the company's stock after buying an additional 16,932 shares during the period. Assenagon Asset Management S.A.'s holdings in Royal Caribbean Cruises were worth $7,305,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in RCL. Montag A & Associates Inc. increased its holdings in Royal Caribbean Cruises by 184.4% in the 4th quarter. Montag A & Associates Inc. now owns 91 shares of the company's stock valued at $25,000 after buying an additional 59 shares during the period. Ares Financial Consulting LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $27,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $27,000. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 12,811 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on RCL shares. Freedom Capital downgraded shares of Royal Caribbean Cruises from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 29th. Wells Fargo & Company raised their target price on Royal Caribbean Cruises from $361.00 to $388.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Loop Capital initiated coverage on Royal Caribbean Cruises in a research note on Monday, June 1st. They issued a "hold" rating and a $304.00 price target on the stock. Susquehanna upped their price objective on shares of Royal Caribbean Cruises from $350.00 to $372.00 and gave the stock a "positive" rating in a research report on Wednesday, July 29th. Finally, William Blair reaffirmed an "outperform" rating on shares of Royal Caribbean Cruises in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and an average price target of $353.40.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $307.13 on Wednesday. The company has a market capitalization of $82.14 billion, a PE ratio of 18.98, a P/E/G ratio of 1.05 and a beta of 1.77. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 2.03. The firm has a fifty day simple moving average of $301.60 and a 200 day simple moving average of $291.74. Royal Caribbean Cruises Ltd. has a twelve month low of $232.10 and a twelve month high of $366.50.

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, beating analysts' consensus estimates of $3.98 by $0.23. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.82 billion. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. Royal Caribbean Cruises's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.38 EPS. 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, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 17.79 EPS for the current year.

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.

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