Quantitative Investment Management LLC Raises Stake in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Quantitative Investment Management LLC increased its holdings in Royal Caribbean Cruises Ltd. by 94.8%, purchasing an additional 6,307 shares and bringing its total to 12,958 shares valued at approximately $2.66 million.
• Royal Caribbean Cruises reported earnings of $4.38 per share, beating analyst expectations of $4.04, and projected FY 2025 earnings guidance of $15.410-15.550 EPS.
• Institutional investors own 87.53% of Royal Caribbean Cruises' stock, indicating strong support among large shareholders.

Quantitative Investment Management LLC grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 94.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,958 shares of the company's stock after acquiring an additional 6,307 shares during the quarter. Quantitative Investment Management LLC's holdings in Royal Caribbean Cruises were worth $2,662,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in RCL. Revisor Wealth Management LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter worth $1,525,000. Brown Miller Wealth Management LLC bought a new position in Royal Caribbean Cruises during the 1st quarter worth approximately $266,000. Florida Financial Advisors LLC grew its position 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 worth $402,000 after acquiring an additional 914 shares during the last quarter. Roberts Capital Advisors LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $572,000. Finally, Vanguard Group Inc. lifted its position in Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock valued at $5,890,943,000 after purchasing an additional 602,447 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Activity

In other news, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at $2,578,432.22. This trade represents a 39.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 completion of the sale, the director directly owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 in the last 90 days. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Up 2.0%

Shares of RCL traded up $7.02 on Thursday, hitting $366.09. 1,576,494 shares of the stock traded hands, compared to its average volume of 2,511,100. The company has a market capitalization of $99.44 billion, a PE ratio of 27.44, a P/E/G ratio of 0.99 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a one year low of $154.08 and a one year high of $366.18. 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 business has a 50 day simple moving average of $324.43 and a 200 day simple moving average of $262.64.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results 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 business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the business posted $3.21 EPS. The company'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. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

RCL has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Loop Capital reissued a "buy" rating and issued a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. UBS Group upped their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Tigress Financial increased their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Barclays boosted their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note 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 a consensus target price of $327.14.

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.