Federation des caisses Desjardins du Quebec Raises Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Federation des caisses Desjardins du Quebec increased its holdings in Royal Caribbean Cruises Ltd. by 19.1%, owning 28,926 shares valued at $5,943,000 as of the latest SEC filing.
• Wall Street analysts have shown optimism, with price target upgrades from Bank of America to $355.00 and JPMorgan to $367.00, while the overall rating remains a Moderate Buy.
• Insider trading activity included significant sales, with the firm's CAO and Director selling a combined total of 15,507 shares, reflecting a decrease in their ownership stakes.

Federation des caisses Desjardins du Quebec lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 19.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,926 shares of the company's stock after acquiring an additional 4,629 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Royal Caribbean Cruises were worth $5,943,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Dark Forest Capital Management LP grew its position in shares of Royal Caribbean Cruises by 611.4% in the 1st quarter. Dark Forest Capital Management LP now owns 32,833 shares of the company's stock valued at $6,745,000 after acquiring an additional 28,218 shares during the period. EP Wealth Advisors LLC grew its position in shares of Royal Caribbean Cruises by 4.6% in the 1st quarter. EP Wealth Advisors LLC now owns 2,074 shares of the company's stock valued at $426,000 after acquiring an additional 91 shares during the period. Night Squared LP bought a new position in Royal Caribbean Cruises during the first quarter worth $5,544,000. Baird Financial Group Inc. boosted its position in Royal Caribbean Cruises by 3.6% during the first quarter. Baird Financial Group Inc. now owns 4,529 shares of the company's stock worth $930,000 after purchasing an additional 158 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Royal Caribbean Cruises by 5,295.3% during the first quarter. Panagora Asset Management Inc. now owns 94,957 shares of the company's stock worth $19,508,000 after purchasing an additional 93,197 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RCL shares. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price objective for the company. Loop Capital reiterated a "buy" rating and issued a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group raised their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a report on Monday, July 7th. 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.com, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and an average price target of $327.14.

Royal Caribbean Cruises Stock Performance

NYSE:RCL traded down $1.02 during mid-day trading on Monday, reaching $351.25. The company's stock had a trading volume of 1,581,661 shares, compared to its average volume of 2,473,737. Royal Caribbean Cruises Ltd. has a 12-month low of $154.08 and a 12-month high of $366.50. The stock has a market cap of $95.41 billion, a P/E ratio of 26.33, a PEG ratio of 0.99 and a beta of 2.12. 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 firm's fifty day moving average price is $334.99 and its two-hundred day moving average price is $267.60.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.04 by $0.34. The firm 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 business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $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. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $46,743,506.82. The trade was a 9.62% 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 ninety days. Corporate insiders own 6.95% of the company's stock.

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.