Ionic Capital Management LLC Purchases Shares of 1,036 Royal Caribbean Cruises Ltd. $RCL

Key Points

• Ionic Capital Management LLC acquired 1,036 shares of Royal Caribbean Cruises Ltd., valued at approximately $213,000, during the first quarter.
• Insider trading showed significant activity, with CAO Henry L. Pujol and Director Richard D. Fain selling large amounts of stock, indicating a 39.95% and 9.62% decrease in their ownership, respectively.
• Royal Caribbean Cruises reported strong earnings with $4.38 EPS, exceeding forecasts, and has set a FY 2025 guidance of 15.410-15.550 EPS.

Ionic Capital Management LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,036 shares of the company's stock, valued at approximately $213,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. acquired a new stake in Royal Caribbean Cruises during the first quarter valued at approximately $4,437,000. DoubleLine ETF Adviser LP acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $1,174,000. Clark Capital Management Group Inc. boosted its holdings in shares of Royal Caribbean Cruises by 5.0% in the 1st quarter. Clark Capital Management Group Inc. now owns 1,280 shares of the company's stock worth $263,000 after acquiring an additional 61 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Royal Caribbean Cruises by 3.8% in the 1st quarter. Alliancebernstein L.P. now owns 280,863 shares of the company's stock worth $57,700,000 after acquiring an additional 10,310 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 11.7% in the 1st quarter. AQR Capital Management LLC now owns 76,264 shares of the company's stock worth $15,200,000 after acquiring an additional 7,964 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction dated 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 $2,578,432.22. This represents a 39.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the transaction, the director owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This represents 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 worth $10,091,282 in the last three months. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Down 0.3%

NYSE RCL traded down $1.02 on Monday, reaching $351.25. The company had a trading volume of 1,587,254 shares, compared to its average volume of 1,812,732. The firm has a market capitalization of $95.41 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 0.99 and a beta of 2.12. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. Royal Caribbean Cruises Ltd. has a 1-year low of $154.08 and a 1-year high of $366.50. The company's fifty day moving average is $334.99 and its 200-day moving average is $267.60.

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 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 analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.21 EPS. 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, research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stifel Nicolaus boosted 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. Tigress Financial upped their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. William Blair reaffirmed an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Loop Capital reaffirmed a "buy" rating and set a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. One research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $327.14.

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.