Earnest Partners LLC Sells 3,144 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Earnest Partners LLC has reduced its stake in Royal Caribbean Cruises Ltd. by 2.5%, now holding 124,025 shares valued at approximately $25.48 million.
• The company reported strong earnings, achieving $4.38 EPS for the quarter, surpassing analysts' expectations and showing a revenue increase of 10.4% year-over-year.
• Several institutional investors have recently boosted their stakes, with Vanguard Group Inc. increasing its holdings to about $5.89 billion, reflecting strong confidence in Royal Caribbean's performance.

Earnest Partners LLC cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 124,025 shares of the company's stock after selling 3,144 shares during the quarter. Earnest Partners LLC's holdings in Royal Caribbean Cruises were worth $25,480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. CWM LLC grew its position in shares of Royal Caribbean Cruises by 0.4% in the 1st quarter. CWM LLC now owns 12,816 shares of the company's stock valued at $2,633,000 after purchasing an additional 45 shares during the period. Proficio Capital Partners LLC boosted its position in Royal Caribbean Cruises by 3.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock worth $278,000 after acquiring an additional 45 shares during the last quarter. Forum Financial Management LP boosted its position in Royal Caribbean Cruises by 1.5% during the 1st quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock worth $628,000 after acquiring an additional 46 shares during the last quarter. Accredited Investors Inc. boosted its position in Royal Caribbean Cruises by 2.1% during the 1st quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock worth $458,000 after acquiring an additional 46 shares during the last quarter. Finally, Eastern Bank boosted its position in Royal Caribbean Cruises by 4.6% during the 1st quarter. Eastern Bank now owns 1,132 shares of the company's stock worth $233,000 after acquiring an additional 50 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 10,300 shares of the 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 sale, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,507 shares of company stock worth $10,091,282. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Down 0.8%

Shares of Royal Caribbean Cruises stock traded down $2.77 on Friday, reaching $363.07. 1,962,254 shares of the company were exchanged, compared to its average volume of 2,000,324. Royal Caribbean Cruises Ltd. has a one year low of $154.08 and a one year high of $366.50. The company has a market capitalization of $98.62 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.02 and a beta of 2.22. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The company has a 50-day moving average of $328.20 and a 200 day moving average of $264.10.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (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 analysts' expectations of $4.54 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The business's 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, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RCL. Wall Street Zen downgraded Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. UBS Group upped their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Loop Capital reaffirmed a "buy" rating and set a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Barclays upped their price target on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Susquehanna reaffirmed a "positive" rating and set a $385.00 price target (up previously from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

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.