DoubleLine ETF Adviser LP Takes Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• DoubleLine ETF Adviser LP has acquired a new stake in Royal Caribbean Cruises Ltd., purchasing 5,717 shares valued at approximately $1.17 million.
• Royal Caribbean reported strong quarterly earnings of $4.38 per share, exceeding estimates and showing a 10.4% year-over-year revenue increase.
• The stock has received various upgrades from analysts, with price targets raised by firms such as Sanford C. Bernstein and Bank of America, reflecting a positive outlook for Royal Caribbean's performance.

DoubleLine ETF Adviser LP bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,717 shares of the company's stock, valued at approximately $1,174,000.

A number of other large investors also recently bought and sold shares of RCL. Brighton Jones LLC lifted its holdings in Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after buying an additional 143 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 6.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,748 shares of the company's stock worth $404,000 after purchasing an additional 110 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $333,000. Captrust Financial Advisors lifted its holdings in shares of Royal Caribbean Cruises by 6.4% in the 4th quarter. Captrust Financial Advisors now owns 15,643 shares of the company's stock worth $3,609,000 after purchasing an additional 939 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $975,000. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of RCL traded down $1.02 during midday trading on Monday, reaching $351.25. The stock had a trading volume of 1,587,254 shares, compared to its average volume of 2,475,354. Royal Caribbean Cruises Ltd. has a 52 week low of $154.08 and a 52 week high of $366.50. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The firm's 50 day moving average price is $334.99 and its 200-day moving average price is $267.60. The company has a market capitalization of $95.41 billion, a P/E ratio of 26.33, a P/E/G ratio of 0.99 and a beta of 2.12.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on RCL shares. Susquehanna reissued a "positive" rating and issued a $385.00 price target (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. TD Cowen started coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price target on the stock. Stifel Nicolaus raised their price target on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Jefferies Financial Group raised their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a report on Monday, July 7th. Finally, Sanford C. Bernstein raised their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the transaction, the director owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,507 shares of company stock valued at $10,091,282. Corporate insiders own 6.95% of the company's stock.

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.