Legal & General Group Plc acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,302,078 shares of the company's stock, valued at approximately $413,449,000. Legal & General Group Plc owned approximately 0.49% of Royal Caribbean Cruises as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Royal Caribbean Cruises by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,485 shares of the company's stock valued at $693,000 after purchasing an additional 30 shares in the last quarter. AlphaStar Capital Management LLC increased its stake in Royal Caribbean Cruises by 4.1% in the fourth quarter. AlphaStar Capital Management LLC now owns 779 shares of the company's stock valued at $217,000 after purchasing an additional 31 shares during the last quarter. Kestra Investment Management LLC raised its holdings in Royal Caribbean Cruises by 2.6% during the fourth quarter. Kestra Investment Management LLC now owns 1,208 shares of the company's stock worth $337,000 after purchasing an additional 31 shares in the last quarter. Waterloo Capital L.P. raised its holdings in Royal Caribbean Cruises by 2.9% during the fourth quarter. Waterloo Capital L.P. now owns 1,191 shares of the company's stock worth $332,000 after purchasing an additional 34 shares in the last quarter. Finally, REAP Financial Group LLC lifted its position in shares of Royal Caribbean Cruises by 16.8% during the 4th quarter. REAP Financial Group LLC now owns 243 shares of the company's stock worth $68,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.
Royal Caribbean Cruises Price Performance
RCL stock opened at $292.48 on Wednesday. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $78.22 billion, a P/E ratio of 18.08, a PEG ratio of 1.00 and a beta of 1.77. The business has a 50 day simple moving average of $303.60 and a 200-day simple moving average of $290.94. Royal Caribbean Cruises Ltd. has a twelve month low of $232.10 and a twelve month high of $366.50.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, beating analysts' consensus estimates of $3.98 by $0.23. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The business had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.82 billion. During the same period in the previous year, the company posted $4.38 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current year.
Insider Transactions at Royal Caribbean Cruises
In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 12,811 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the transaction, the chief executive officer directly owned 45,297 shares in the company, valued at approximately $14,313,399.03. The trade was a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on RCL. TD Cowen lowered their target price on shares of Royal Caribbean Cruises from $350.00 to $337.00 and set a "buy" rating for the company in a report on Friday, May 15th. Zacks Research upgraded shares of Royal Caribbean Cruises from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 18th. Barclays reduced their price target on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an "overweight" rating for the company in a research report on Friday, May 1st. BMO Capital Markets assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 7th. They issued an "outperform" rating and a $370.00 price objective for the company. Finally, UBS Group reaffirmed a "buy" rating and set a $367.00 price objective on shares of Royal Caribbean Cruises in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $353.40.
View Our Latest Analysis on RCL
Royal Caribbean Cruises Company Profile
(
Free Report)
Royal Caribbean Cruises NYSE: RCL, operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.
Royal Caribbean's ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.
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