Gordian Capital Singapore Pte Ltd Sells 1,350 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Gordian Capital Singapore Pte Ltd has reduced its stake in Royal Caribbean Cruises Ltd. by 13.6%, selling 1,350 shares during the first quarter, leaving it with 8,562 shares valued at approximately $1.777 million.
• Several institutional investors increased their holdings in Royal Caribbean during the first quarter, with Vanguard Group buying an additional 602,447 shares and GAMMA Investing LLC growing its stake by a remarkable 22,154.9%.
• Royal Caribbean Cruises reported a robust quarterly earnings result of $4.38 EPS, exceeding analysts’ expectations, and set a fiscal year 2025 guidance of 15.410-15.550 EPS.

Gordian Capital Singapore Pte Ltd decreased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 13.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,562 shares of the company's stock after selling 1,350 shares during the period. Royal Caribbean Cruises accounts for about 1.1% of Gordian Capital Singapore Pte Ltd's holdings, making the stock its 19th largest position. Gordian Capital Singapore Pte Ltd's holdings in Royal Caribbean Cruises were worth $1,777,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RCL. Canada Pension Plan Investment Board boosted its stake in Royal Caribbean Cruises by 293.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 228,631 shares of the company's stock valued at $46,970,000 after purchasing an additional 170,589 shares during the period. GKV Capital Management Co. Inc. bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $40,000. State of Wyoming bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $321,000. Trexquant Investment LP bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $3,997,000. Finally, Okabena Investment Services Inc. lifted its position in shares of Royal Caribbean Cruises by 0.9% in the 1st quarter. Okabena Investment Services Inc. now owns 4,996 shares of the company's stock worth $1,026,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Down 0.8%

RCL stock traded down $2.77 during midday trading on Monday, hitting $363.07. 1,962,254 shares of the company's stock were exchanged, compared to its average volume of 1,957,054. The stock's fifty day moving average price is $328.20 and its 200-day moving average price is $264.18. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company has a market cap of $98.62 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.02 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a one year low of $154.08 and a one year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released 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 business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.Royal Caribbean Cruises's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business 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. Research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on RCL. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Macquarie reduced their price objective on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Morgan Stanley raised their price objective on Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. increased their target price on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

Insider Activity at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,507 shares of company stock worth $10,091,282. Company insiders own 6.95% of the company's stock.

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.