MetLife Investment Management LLC Sells 1,217 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• MetLife Investment Management LLC has reduced its stake in Royal Caribbean Cruises Ltd. by 1.8%, selling 1,217 shares, and now holds shares valued at approximately $13.9 million.
• A number of institutional investors are actively adjusting their positions in the company, with Vanguard Group Inc. increasing its stake to 28.67 million shares, valued at nearly $5.89 billion.
• Royal Caribbean Cruises recently reported an EPS of $4.38 for the last quarter, beating analysts' expectations, while establishing FY 2025 guidance at 15.410-15.550 EPS.

MetLife Investment Management LLC reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,699 shares of the company's stock after selling 1,217 shares during the quarter. MetLife Investment Management LLC's holdings in Royal Caribbean Cruises were worth $13,908,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Revisor Wealth Management LLC purchased a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $1,525,000. Brown Miller Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $266,000. Florida Financial Advisors LLC raised 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 acquiring an additional 914 shares in the last quarter. Roberts Capital Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $572,000. Finally, Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 2.1% during the first 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 in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction 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 sale, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their position. The sale 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 business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,507 shares of company stock worth $10,091,282. Corporate insiders own 6.95% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the topic of several research reports. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Sanford C. Bernstein lifted their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 target price on the stock. Finally, Loop Capital reaffirmed 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. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $327.14.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $344.5460 on Tuesday. The stock has a market cap of $93.59 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 0.97 and a beta of 2.22. The firm's fifty day simple moving average is $320.77 and its 200 day simple moving average is $261.33. Royal Caribbean Cruises Ltd. has a twelve month low of $154.08 and a twelve month high of $355.91. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the business posted $3.21 EPS. The company's quarterly revenue was up 10.4% on a year-over-year basis. 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, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

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.

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