Night Squared LP Invests $5.54 Million in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Night Squared LP invested approximately $5.54 million in Royal Caribbean Cruises, acquiring 26,984 shares during the first quarter, making it the firm's 12th largest position.
• Multiple institutional investors, including Brighton Jones LLC and Integrated Wealth Concepts LLC, have increased their stakes in Royal Caribbean, highlighting strong confidence in the company.
• Royal Caribbean reported a quarterly earnings per share of $4.38, exceeding expectations, and set FY 2025 guidance for EPS between 15.410 and 15.550.

Night Squared LP acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 26,984 shares of the company's stock, valued at approximately $5,544,000. Royal Caribbean Cruises comprises approximately 3.3% of Night Squared LP's investment portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Royal Caribbean Cruises by 12.2% during the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock valued at $303,000 after acquiring an additional 143 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Royal Caribbean Cruises by 50.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 1,961 shares of the company's stock worth $452,000 after purchasing an additional 660 shares during the period. The Manufacturers Life Insurance Company grew its stake in Royal Caribbean Cruises by 2.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 145,848 shares of the company's stock worth $33,646,000 after purchasing an additional 3,835 shares during the period. Lido Advisors LLC grew its stake in Royal Caribbean Cruises by 4.7% in the fourth quarter. Lido Advisors LLC now owns 3,390 shares of the company's stock worth $784,000 after purchasing an additional 153 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in Royal Caribbean Cruises in the fourth quarter worth $20,537,000. Institutional investors own 87.53% of the company's stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the transaction, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Down 0.8%

Royal Caribbean Cruises stock opened at $363.07 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. Royal Caribbean Cruises Ltd. has a one year low of $154.08 and a one year high of $366.50. The stock has a market capitalization of $98.62 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.03 and a beta of 2.22. The business's fifty day moving average is $328.20 and its 200 day moving average is $264.10.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the firm posted $3.21 earnings per share. Royal Caribbean Cruises's revenue was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Jefferies Financial Group increased their target price on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Bank of America increased their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $327.14.

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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