Junto Capital Management LP Sells 107,917 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Junto Capital Management LP reduced its holdings in Royal Caribbean Cruises Ltd. by 20.2%, selling 107,917 shares and now owns 427,301 shares worth approximately $87.78 million.
• Multiple institutional investors, including Nuveen LLC and Vanguard Group Inc., significantly increased their stakes in Royal Caribbean, indicating strong interest in the stock.
• Royal Caribbean's recent quarterly earnings report showed $4.38 earnings per share, exceeding estimates, and the company has set guidance for FY 2025 EPS between 15.410-15.550.

Junto Capital Management LP reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 20.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 427,301 shares of the company's stock after selling 107,917 shares during the quarter. Royal Caribbean Cruises makes up about 1.8% of Junto Capital Management LP's portfolio, making the stock its 14th largest position. Junto Capital Management LP owned 0.16% of Royal Caribbean Cruises worth $87,785,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RCL. Nuveen LLC bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at $358,614,000. GAMMA Investing LLC grew its holdings in Royal Caribbean Cruises by 22,154.9% in the first quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock worth $289,868,000 after purchasing an additional 1,404,622 shares during the period. Janus Henderson Group PLC grew its position in Royal Caribbean Cruises by 3,544.4% in the 4th quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock valued at $222,166,000 after purchasing an additional 936,609 shares during the period. Vanguard Group Inc. grew its position in Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock valued at $5,890,943,000 after purchasing an additional 602,447 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after purchasing an additional 535,043 shares during the period. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $363.07 on Friday. The company has a market capitalization of $98.62 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.03 and a beta of 2.22. 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 firm has a 50 day moving average of $328.20 and a 200 day moving average of $264.10. Royal Caribbean Cruises Ltd. has a twelve month low of $154.08 and a twelve month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm 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, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the firm'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 transaction 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. This trade represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock valued at $10,091,282 over the last 90 days. Corporate insiders own 6.95% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RCL. Sanford C. Bernstein raised their target price on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group increased their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Loop Capital restated a "buy" rating and issued a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. 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. Finally, Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

Royal Caribbean Cruises Company 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.

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