Choreo LLC Reduces Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Choreo LLC decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,885 shares of the company's stock after selling 893 shares during the quarter. Choreo LLC's holdings in Royal Caribbean Cruises were worth $1,626,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RCL. Norges Bank acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $707,833,000. GAMMA Investing LLC grew its position in shares of Royal Caribbean Cruises by 22,154.9% in the 1st quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock valued at $289,868,000 after buying an additional 1,404,622 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Royal Caribbean Cruises by 3,544.4% in the fourth quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock valued at $222,166,000 after buying an additional 936,609 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Royal Caribbean Cruises by 21.8% in the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after acquiring an additional 535,043 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Royal Caribbean Cruises by 24.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock valued at $612,080,000 after acquiring an additional 513,702 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director owned 165,421 shares in the company, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RCL. Susquehanna decreased their price objective on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. UBS Group set a $311.00 price target on Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. Jefferies Financial Group raised their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Finally, TD Cowen started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday. They issued a "buy" rating and a $405.00 price target for the company. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $311.05.

Royal Caribbean Cruises Price Performance

Shares of RCL traded up $3.17 during trading hours on Friday, reaching $352.53. 1,652,227 shares of the company's stock traded hands, compared to its average volume of 2,516,955. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $355.91. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 2.21. The stock has a market cap of $95.73 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 0.98 and a beta of 2.17. The firm's 50 day simple moving average is $294.04 and its 200-day simple moving average is $250.27.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. The business had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 EPS. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.85%. Royal Caribbean Cruises's payout ratio is 24.92%.

Royal Caribbean Cruises 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.