Beacon Pointe Advisors LLC Buys Shares of 4,620 Royal Caribbean Cruises Ltd. $RCL

Beacon Pointe Advisors LLC bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,620 shares of the company's stock, valued at approximately $1,467,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. bought a new position in Royal Caribbean Cruises during the second quarter valued at approximately $32,000. Empowered Funds LLC acquired a new position in Royal Caribbean Cruises during the second quarter worth $4,701,000. United Capital Financial Advisors LLC acquired a new position in Royal Caribbean Cruises during the second quarter worth $4,080,000. Dearborn Partners LLC bought a new position in Royal Caribbean Cruises during the second quarter valued at about $319,000. Finally, Equitable Holdings Inc. bought a new position in Royal Caribbean Cruises during the second quarter valued at about $2,544,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 12,811 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $315.99, for a total value of $4,048,147.89. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.44% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial decreased their price target on Royal Caribbean Cruises from $318.00 to $297.00 and set a "hold" rating for the company in a research note on Friday, May 22nd. William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Tuesday, July 28th. Loop Capital assumed coverage on Royal Caribbean Cruises in a report on Monday, June 1st. They issued a "hold" rating and a $304.00 target price for the company. Zacks Research raised Royal Caribbean Cruises from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 18th. Finally, UBS Group reiterated a "buy" rating and set a $367.00 price target on shares of Royal Caribbean Cruises in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $353.40.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $279.93 on Monday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.21 and a quick ratio of 0.19. Royal Caribbean Cruises Ltd. has a one year low of $232.10 and a one year high of $366.50. The company has a fifty day moving average price of $302.18 and a 200 day moving average price of $289.77. The stock has a market cap of $74.87 billion, a P/E ratio of 17.30, a PEG ratio of 0.95 and a beta of 1.77.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the business posted $4.38 EPS. The business's quarterly revenue was up 6.5% on a year-over-year basis. 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. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share 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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