Caisse DE Depot ET Placement DU Quebec Cuts Stock Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in Royal Caribbean Cruises Ltd. by 39%, now holding 214,149 shares valued at approximately $43.99 million.
• Royal Caribbean Cruises reported $4.38 earnings per share in its last quarter, surpassing expectations and marking a year-over-year revenue increase of 10.4%.
• Institutional investors collectively own 87.53% of Royal Caribbean's stock, indicating strong backing from the investment community.

Caisse DE Depot ET Placement DU Quebec reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,149 shares of the company's stock after selling 137,107 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of Royal Caribbean Cruises worth $43,995,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the first quarter valued at approximately $25,000. Hughes Financial Services LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter valued at approximately $26,000. Optimum Investment Advisors purchased a new position in Royal Caribbean Cruises in the 1st quarter valued at approximately $31,000. Fourth Dimension Wealth LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter worth $35,000. Finally, SouthState Corp purchased a new stake in shares of Royal Caribbean Cruises during the first quarter worth $39,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 2.5%

RCL opened at $353.75 on Wednesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. Royal Caribbean Cruises Ltd. has a one year low of $154.08 and a one year high of $355.91. The company has a market cap of $96.09 billion, a P/E ratio of 26.52, a PEG ratio of 0.97 and a beta of 2.22. The business's 50-day simple moving average is $322.60 and its 200-day simple moving average is $261.97.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.34. The firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The firm's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.21 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Insider Activity

In related news, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the transaction, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at $2,578,432.22. This trade represents a 39.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,507 shares of company stock worth $10,091,282. Corporate insiders own 6.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RCL shares. Sanford C. Bernstein increased their price objective on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Bank of America increased their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Susquehanna reissued a "positive" rating and set a $385.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Macquarie decreased their price target on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $327.14.

About Royal Caribbean Cruises

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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