Pacer Advisors Inc. Has $3.86 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Pacer Advisors Inc. reduced its stake in Royal Caribbean Cruises by 9.4%, now holding 18,783 shares valued at approximately $3.86 million.
• Royal Caribbean Cruises recently reported an EPS of $4.38 for the last quarter, exceeding estimates by $0.34, with a revenue increase of 10.4% year-over-year.
• The stock price of Royal Caribbean Cruises fell by 4.8%, reaching $334.98, with analysts offering varying price targets and recommendations for the stock.

Pacer Advisors Inc. cut its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,783 shares of the company's stock after selling 1,946 shares during the quarter. Pacer Advisors Inc.'s holdings in Royal Caribbean Cruises were worth $3,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RCL. Assetmark Inc. lifted its position in shares of Royal Caribbean Cruises by 6.9% in the 1st quarter. Assetmark Inc. now owns 117,468 shares of the company's stock worth $24,133,000 after acquiring an additional 7,542 shares during the period. Cetera Investment Advisers raised its stake in shares of Royal Caribbean Cruises by 18.8% in the first quarter. Cetera Investment Advisers now owns 73,566 shares of the company's stock valued at $15,113,000 after purchasing an additional 11,629 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Royal Caribbean Cruises by 6.2% in the first quarter. Avantax Advisory Services Inc. now owns 14,184 shares of the company's stock worth $2,914,000 after purchasing an additional 822 shares during the period. Advisor OS LLC boosted its stake in Royal Caribbean Cruises by 22.2% during the first quarter. Advisor OS LLC now owns 1,509 shares of the company's stock worth $310,000 after buying an additional 274 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its stake in Royal Caribbean Cruises by 2.4% during the first quarter. Kovack Advisors Inc. now owns 2,516 shares of the company's stock worth $517,000 after buying an additional 60 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the company's 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 transaction, the director directly owned 165,421 shares in the company, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded down $4.65 during trading hours on Friday, reaching $313.22. 1,486,497 shares of the company were exchanged, compared to its average volume of 2,573,981. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $355.91. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.15. The stock's fifty day moving average is $301.16 and its two-hundred day moving average is $253.21. The company has a market cap of $85.06 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 0.93 and a beta of 2.17.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $3.21 EPS. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.0%. Royal Caribbean Cruises's dividend payout ratio is currently 22.49%.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of recent research reports. 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 price objective for the company. Jefferies Financial Group upped their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research note on Monday, July 7th. Loop Capital restated a "buy" rating and set a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $321.10.

Royal Caribbean Cruises 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.