Q Global Advisors LLC Acquires New Shares in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Q Global Advisors LLC acquired a new stake of 13,532 shares in Royal Caribbean Cruises Ltd., valued at approximately $2.78 million, making it the firm's 6th largest position.
• Other institutional investors, including Vanguard Group Inc. and Bank of New York Mellon Corp, also increased their holdings in Royal Caribbean, highlighting strong institutional interest with 87.53% of the stock owned by institutions.
• Royal Caribbean Cruises exceeded earnings expectations with an EPS of $4.38, along with a FY 2025 guidance set at 15.410-15.550 EPS, signaling a positive outlook for the company.

Q Global Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,532 shares of the company's stock, valued at approximately $2,780,000. Royal Caribbean Cruises comprises about 2.3% of Q Global Advisors LLC's investment portfolio, making the stock its 6th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Royal Caribbean Cruises by 2.1% in the first 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. Bank of New York Mellon Corp lifted its position in shares of 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 worth $614,487,000 after buying an additional 535,043 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of 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 worth $612,080,000 after buying an additional 513,702 shares during the last quarter. Northern Trust Corp lifted its position in shares of Royal Caribbean Cruises by 15.6% in the fourth quarter. Northern Trust Corp now owns 2,364,794 shares of the company's stock worth $545,534,000 after buying an additional 319,264 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Royal Caribbean Cruises in the first quarter worth about $358,614,000. Institutional investors and hedge funds own 87.53% of the company's stock.

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 dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the transaction, the director directly owned 150,291 shares in the company, 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 legal filing with the SEC, which is available at this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock worth $10,091,282 over the last three months. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $344.2190 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $154.08 and a twelve month high of $355.91. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The stock has a market capitalization of $93.50 billion, a PE ratio of 25.80, a P/E/G ratio of 0.91 and a beta of 2.22. The stock has a 50-day simple moving average of $319.17 and a 200 day simple moving average of $260.88.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share 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 business had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the firm earned $3.21 EPS. The firm'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. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RCL shares. Jefferies Financial Group boosted their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Sanford C. Bernstein boosted their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Citigroup boosted their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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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