Interval Partners LP Makes New $6.97 Million Investment in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Interval Partners LP has made a significant investment of $6.97 million in Royal Caribbean Cruises Ltd., acquiring 33,913 shares during the first quarter.
• Royal Caribbean Cruises reported better-than-expected earnings of $4.38 EPS for the last quarter, surpassing the consensus estimate of $4.04 EPS, with revenues of $4.54 billion.
• Following recent insider sales, institutional investors own 87.53% of Royal Caribbean's stock, highlighting significant confidence in the company among major shareholders.

Interval Partners LP acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 33,913 shares of the company's stock, valued at approximately $6,967,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Revisor Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter worth about $1,525,000. Brown Miller Wealth Management LLC bought a new position in Royal Caribbean Cruises during the first quarter worth about $266,000. Florida Financial Advisors LLC increased its position in Royal Caribbean Cruises by 87.6% during the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock worth $402,000 after buying an additional 914 shares during the last quarter. Roberts Capital Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $572,000. Finally, Vanguard Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction that occurred 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 in the company, 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. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last 90 days. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded down $1.02 during trading hours on Monday, reaching $351.25. The company's stock had a trading volume of 1,587,254 shares, compared to its average volume of 1,812,732. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $95.41 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 0.99 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a fifty-two week low of $154.08 and a fifty-two week high of $366.50. The firm's 50 day simple moving average is $335.75 and its 200-day simple moving average is $268.42.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior 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. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. TD Cowen initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 target price for the company. Tigress Financial upped their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Sanford C. Bernstein raised their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Citigroup boosted their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a 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 assigned a Hold rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus target price of $327.14.

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.