Korea Investment CORP Has $28.59 Million Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Korea Investment CORP increased its stake in Royal Caribbean Cruises Ltd. by 16.5%, acquiring 19,664 shares for a total of $28,593,000, representing approximately 0.05% ownership.
• The company reported earnings of $4.38 per share, surpassing analysts’ expectations, and had revenues of $4.54 billion for the quarter, reflecting a 10.4% year-over-year increase.
• Royal Caribbean Cruises has garnered a range of analyst ratings, with one Strong Buy, eighteen Buy ratings, and four Hold ratings, along with a consensus target price of $323.10.

Korea Investment CORP boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,177 shares of the company's stock after purchasing an additional 19,664 shares during the period. Korea Investment CORP owned approximately 0.05% of Royal Caribbean Cruises worth $28,593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RCL. Revisor Wealth Management LLC acquired a new stake in Royal Caribbean Cruises during the first quarter valued at approximately $1,525,000. Brown Miller Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the 1st quarter valued at about $266,000. Florida Financial Advisors LLC grew its stake in shares of 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 purchasing an additional 914 shares during the period. Roberts Capital Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the first quarter valued at approximately $572,000. Finally, Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 2.1% during the first 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 last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

NYSE RCL traded up $19.1890 during mid-day trading on Friday, hitting $344.2190. The stock had a trading volume of 2,266,960 shares, compared to its average volume of 2,245,580. 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 50 day simple moving average of $319.17 and a 200 day simple moving average of $260.88. The company has a market cap of $93.50 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 0.91 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a 52-week low of $154.08 and a 52-week high of $355.91.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on RCL. Jefferies Financial Group upped 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. Macquarie decreased their price target on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. 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 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Bank of America upped their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. One research 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $327.14.

Insider Activity at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the transaction, the director directly owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% 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 worth $10,091,282 in the last ninety days. 6.95% of the stock is owned by insiders.

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.