Mizuho Securities USA LLC Has $4.07 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Mizuho Securities USA LLC has reduced its holdings in Royal Caribbean Cruises Ltd. by 15.4%, valuing the remaining shares at approximately $4.07 million.
• Institutional investors currently own 87.53% of Royal Caribbean Cruises, indicating a strong presence of large stakeholders in the company.
• Royal Caribbean reported earnings of $4.38 per share, surpassing analyst expectations and reflecting a 10.4% year-over-year revenue growth.

Mizuho Securities USA LLC reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 15.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,825 shares of the company's stock after selling 3,620 shares during the period. Mizuho Securities USA LLC's holdings in Royal Caribbean Cruises were worth $4,073,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Capital International Investors lifted its holdings in Royal Caribbean Cruises by 0.9% in the fourth quarter. Capital International Investors now owns 29,712,610 shares of the company's stock valued at $6,854,905,000 after buying an additional 278,860 shares during the period. Vanguard Group Inc. lifted its holdings in Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock valued at $5,890,943,000 after buying an additional 602,447 shares during the period. Bank of New York Mellon Corp lifted its holdings in Royal Caribbean Cruises by 21.8% in the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after buying an additional 535,043 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Royal Caribbean Cruises by 24.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock valued at $612,080,000 after buying an additional 513,702 shares during the period. Finally, Northern Trust Corp lifted its holdings in Royal Caribbean Cruises by 15.6% in the fourth quarter. Northern Trust Corp now owns 2,364,794 shares of the company's stock valued at $545,534,000 after buying an additional 319,264 shares during the period. 87.53% of the stock is currently 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 Royal Caribbean Cruises stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director directly owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,807 shares of company stock valued at $11,652,630. Insiders own 6.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RCL shares. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Northcoast Research started coverage on shares of Royal Caribbean Cruises in a report on Friday, April 25th. They issued a "buy" rating and a $279.00 target price on the stock. Loop Capital reiterated a "buy" rating and issued a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Bank of America increased their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, Susquehanna reiterated a "positive" rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $323.10.

Royal Caribbean Cruises Stock Down 2.7%

Royal Caribbean Cruises stock opened at $301.43 on Friday. The company has a market cap of $81.88 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 0.85 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a 1-year low of $150.33 and a 1-year high of $355.91. The company has a fifty day simple moving average of $308.51 and a 200 day simple moving average of $256.42. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The business 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 revenue for the quarter 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. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal 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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