Bank of Nova Scotia Makes New $33.12 Million Investment in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Bank of Nova Scotia acquired 104,294 shares of Royal Caribbean Cruises in the second quarter, representing an investment of approximately $33.12 million. Institutional investors and hedge funds collectively own 87.53% of RCL.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $353.40, compared with the stock’s reported opening price of $292.29.
• Royal Caribbean exceeded quarterly earnings expectations, reporting $4.21 EPS versus the $3.98 consensus and $4.83 billion in revenue, up 6.5% year over year. CEO Michael Bayley separately sold shares worth about $4.05 million.

Bank of Nova Scotia purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 104,294 shares of the company's stock, valued at approximately $33,116,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RCL. Pinnacle Wealth Management Advisory Group LLC raised its position in Royal Caribbean Cruises by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,485 shares of the company's stock valued at $693,000 after purchasing an additional 30 shares during the last quarter. AlphaStar Capital Management LLC boosted its position in Royal Caribbean Cruises by 4.1% during the 4th quarter. AlphaStar Capital Management LLC now owns 779 shares of the company's stock worth $217,000 after buying an additional 31 shares during the period. Kestra Investment Management LLC boosted its position in Royal Caribbean Cruises by 2.6% during the 4th quarter. Kestra Investment Management LLC now owns 1,208 shares of the company's stock worth $337,000 after buying an additional 31 shares during the period. Waterloo Capital L.P. grew its holdings in Royal Caribbean Cruises by 2.9% during the 4th quarter. Waterloo Capital L.P. now owns 1,191 shares of the company's stock worth $332,000 after acquiring an additional 34 shares during the last quarter. Finally, REAP Financial Group LLC increased its position in Royal Caribbean Cruises by 16.8% in the 4th quarter. REAP Financial Group LLC now owns 243 shares of the company's stock valued at $68,000 after acquiring an additional 35 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 12,811 shares of Royal Caribbean Cruises 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 approximately $14,313,399.03. The trade was a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RCL shares. Susquehanna raised their price target on shares of Royal Caribbean Cruises from $350.00 to $372.00 and gave the company a "positive" rating in a research note on Wednesday, July 29th. Loop Capital started coverage on Royal Caribbean Cruises in a report on Monday, June 1st. They issued a "hold" rating and a $304.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Royal Caribbean Cruises in a research report on Thursday, June 18th. TD Cowen cut their target price on Royal Caribbean Cruises from $350.00 to $337.00 and set a "buy" rating on the stock in a report on Friday, May 15th. Finally, Mizuho set a $380.00 target price on Royal Caribbean Cruises in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $353.40.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $292.29 on Monday. The stock has a market capitalization of $78.17 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.00 and a beta of 1.77. Royal Caribbean Cruises Ltd. has a 52-week low of $232.10 and a 52-week high of $366.50. The stock's 50 day moving average price is $304.42 and its two-hundred day moving average price is $291.43. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.19 and a current ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $4.38 EPS. 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. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current year.

About Royal Caribbean Cruises

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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