OMERS ADMINISTRATION Corp Increases Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Royal Caribbean Cruises Ltd. by 7.9%, now owning 19,378 shares valued at approximately $3.98 million.
• The company reported $4.38 earnings per share for the last quarter, exceeding analyst estimates and reflecting a 10.4% increase in revenue year-over-year.
• Research analysts have a generally positive outlook for Royal Caribbean, with target price upgrades leading to an average rating of "Moderate Buy" and a typical target price of $327.14.

OMERS ADMINISTRATION Corp lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,378 shares of the company's stock after purchasing an additional 1,411 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Royal Caribbean Cruises were worth $3,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the first quarter valued at about $25,000. Hughes Financial Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $26,000. Fourth Dimension Wealth LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $35,000. Optimum Investment Advisors acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $31,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $40,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Truist Financial set a $337.00 price objective on Royal Caribbean Cruises in a research note on Wednesday, July 30th. Loop Capital reiterated a "buy" rating and issued a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Finally, Macquarie lowered their target price on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $327.14.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,507 shares of company stock worth $10,091,282. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Down 0.8%

Shares of NYSE RCL traded down $2.77 during mid-day trading on Monday, hitting $363.07. The company had a trading volume of 1,962,254 shares, compared to its average volume of 1,957,054. The company has a market capitalization of $98.62 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.02 and a beta of 2.12. The business's 50-day simple moving average is $328.20 and its 200 day simple moving average is $264.18. Royal Caribbean Cruises Ltd. has a 1-year low of $154.08 and a 1-year high of $366.50. 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 (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping 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 firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the previous year, the firm posted $3.21 EPS. Royal Caribbean Cruises's revenue for the quarter 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. On average, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

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.