Raiffeisen Bank International AG Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Raiffeisen Bank International AG has acquired a new stake in Royal Caribbean Cruises Ltd., purchasing 3,252 shares valued at approximately $675,000.
• Royal Caribbean Cruises reported a net margin of 20.97% and a return on equity of 47.15%, with quarterly earnings of $4.38 per share, surpassing analysts' expectations.
• Despite some recent downgrades, the stock maintains a consensus rating of "Moderate Buy" with an average target price of $321.10 from various analysts.

Raiffeisen Bank International AG purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,252 shares of the company's stock, valued at approximately $675,000.

Other large investors have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises during the first quarter valued at $25,000. Hughes Financial Services LLC bought a new position in shares of Royal Caribbean Cruises during the first quarter valued at $26,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises during the first quarter valued at $31,000. Fourth Dimension Wealth LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at $35,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at $40,000. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Up 0.4%

RCL opened at $315.61 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The stock has a market cap of $85.73 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 0.88 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a twelve month low of $130.08 and a twelve month high of $355.91. The company's 50-day moving average price is $304.14 and its two-hundred day moving average price is $254.61.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the previous year, the company earned $3.21 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. The Goldman Sachs Group lowered their target price on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Loop Capital restated a "buy" rating and issued a $290.00 price target (up from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Bank of America upped their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Susquehanna restated a "positive" rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Five 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's stock. According to MarketBeat, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus target price of $321.10.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the sale, the director owned 165,421 shares of the company's stock, valued at $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the business's 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 trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.95% of the company's stock.

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.

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