Paloma Partners Management Co Lowers Stake in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Paloma Partners Management Co reduced its stake in Royal Caribbean Cruises Ltd. by 99.8%, owning only 4,500 shares after selling 1,877,500 shares, valued at $924,000.
• Multiple institutional investors modified their holdings, with Vanguard Group Inc. increasing its position to over 28.6 million shares, making up a significant portion of the company's institutional ownership at 87.53%.
• Analysts have a bullish outlook, with several price target increases for Royal Caribbean Cruises, including a raise from $290.00 to $360.00 by Sanford C. Bernstein, reflecting strong growth expectations.

Paloma Partners Management Co trimmed its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 99.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,500 shares of the company's stock after selling 1,877,500 shares during the quarter. Paloma Partners Management Co's holdings in Royal Caribbean Cruises were worth $924,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Revisor Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth about $1,525,000. Brown Miller Wealth Management LLC bought a new position in Royal Caribbean Cruises during the 1st quarter valued at approximately $266,000. Florida Financial Advisors LLC boosted its stake in Royal Caribbean Cruises by 87.6% during the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock valued at $402,000 after purchasing an additional 914 shares during the last quarter. Roberts Capital Advisors LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter valued at $572,000. Finally, Vanguard Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after buying an additional 602,447 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded up $0.68 during trading hours on Wednesday, hitting $354.76. The stock had a trading volume of 1,174,832 shares, compared to its average volume of 1,856,175. Royal Caribbean Cruises Ltd. has a one year low of $154.08 and a one 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. The stock's 50-day moving average price is $332.86 and its two-hundred day moving average price is $266.12. The stock has a market capitalization of $96.36 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.02 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly 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 company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the business posted $3.21 earnings per share. The firm's 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. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In related 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 value of $4,976,320.00. Following the completion of the transaction, the director owned 150,291 shares of the company's stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction on 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 directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock worth $10,091,282. Company insiders own 6.95% of the company's stock.

Analysts Set New Price Targets

RCL has been the topic of several analyst reports. Bank of America lifted their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted 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 target price on Royal Caribbean Cruises in a research report on Wednesday, July 30th. Finally, Barclays raised their price target on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $327.14.

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.