Royal Caribbean Cruises Ltd. $RCL Shares Acquired by Ethic Inc.

Key Points

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Ethic Inc. raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 24.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,552 shares of the company's stock after buying an additional 2,280 shares during the period. Ethic Inc.'s holdings in Royal Caribbean Cruises were worth $2,404,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RCL. Financial Gravity Asset Management Inc. acquired a new stake in Royal Caribbean Cruises in the 1st quarter worth about $25,000. Hughes Financial Services LLC acquired a new stake in Royal Caribbean Cruises in the 1st quarter worth about $26,000. Optimum Investment Advisors acquired a new stake in Royal Caribbean Cruises in the 1st quarter worth about $31,000. Fourth Dimension Wealth LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter worth about $35,000. Finally, SouthState Corp acquired a new stake in Royal Caribbean Cruises in the 1st quarter worth about $39,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on RCL shares. Bank of America boosted their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Loop Capital restated a "buy" rating and set a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Barclays boosted their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Northcoast Research started coverage on Royal Caribbean Cruises in a report on Friday, April 25th. They set a "buy" rating and a $279.00 target price on the stock. Finally, Wall Street Zen cut Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. One investment 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 company. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average target price of $323.10.

Royal Caribbean Cruises Trading Down 0.4%

Shares of RCL stock traded down $1.2190 during trading on Wednesday, hitting $328.8510. 1,883,330 shares of the stock traded hands, compared to its average volume of 2,258,269. The firm has a market capitalization of $89.33 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 0.93 and a beta of 2.22. 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 fifty day moving average price is $315.03 and its 200-day moving average price is $259.40. Royal Caribbean Cruises Ltd. has a 52-week low of $154.08 and a 52-week high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its 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 analyst estimates 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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, research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction that occurred 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 sale, the director owned 150,291 shares of the company's stock, valued at $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 is available through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. 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 quarter. 6.95% of the stock is owned by company insiders.

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.