Ceredex Value Advisors LLC Takes Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Ceredex Value Advisors LLC acquired 99,675 shares of Royal Caribbean Cruises Ltd., valued at approximately $20.5 million, during the first quarter.
• Royal Caribbean reported a quarterly EPS of $4.38, exceeding analysts' estimates of $4.04, and a revenue of $4.54 billion, indicating a year-over-year revenue increase of 10.4%.
• The firm's stock has a market capitalization of $93.59 billion and institutions own 87.53% of its shares, indicating significant institutional interest and confidence.

Ceredex Value Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,675 shares of the company's stock, valued at approximately $20,477,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Revisor Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises during the first quarter valued at approximately $1,525,000. Brown Miller Wealth Management LLC bought a new position in Royal Caribbean Cruises in the first quarter worth approximately $266,000. Florida Financial Advisors LLC raised its position in Royal Caribbean Cruises by 87.6% in the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock worth $402,000 after acquiring an additional 914 shares during the period. Roberts Capital Advisors LLC bought a new position in Royal Caribbean Cruises in the first quarter worth approximately $572,000. Finally, Vanguard Group Inc. raised its position in Royal Caribbean Cruises by 2.1% in 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 during the period. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $344.5460 on Tuesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The firm has a fifty day moving average price of $320.77 and a 200 day moving average price of $261.33. Royal Caribbean Cruises Ltd. has a fifty-two week low of $154.08 and a fifty-two week high of $355.91. The firm has a market cap of $93.59 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 0.97 and a beta of 2.22.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

RCL has been the topic of several recent research reports. Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Sanford C. Bernstein increased their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Macquarie reduced their price objective 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. Finally, Loop Capital reissued a "buy" rating and issued a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

Insider Activity at Royal Caribbean Cruises

In other news, 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. The trade was a 9.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 over the last 90 days. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Company Profile

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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