Rathbones Group PLC Lowers Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Rathbones Group PLC holds a position of approximately $72.38 million in Royal Caribbean Cruises, despite a 0.5% decrease in shares during the first quarter.
• Research analysts have set new price targets for Royal Caribbean Cruises, with Morgan Stanley raising its target from $220 to $230 and Truist Financial setting a target of $337.
• Royal Caribbean Cruises reported an EPS of $4.38 for the last quarter, exceeding analysts' expectations, with a notable net margin of 20.97% and significant year-over-year revenue growth.

Rathbones Group PLC cut its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 352,338 shares of the company's stock after selling 1,658 shares during the period. Rathbones Group PLC owned 0.13% of Royal Caribbean Cruises worth $72,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of RCL. Ostrum Asset Management boosted its stake in Royal Caribbean Cruises by 0.3% during the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock worth $2,678,000 after purchasing an additional 40 shares during the period. CWM LLC boosted its stake in Royal Caribbean Cruises by 0.4% during the 1st quarter. CWM LLC now owns 12,816 shares of the company's stock worth $2,633,000 after purchasing an additional 45 shares during the period. Proficio Capital Partners LLC boosted its stake in Royal Caribbean Cruises by 3.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock worth $278,000 after purchasing an additional 45 shares during the period. Forum Financial Management LP boosted its stake in Royal Caribbean Cruises by 1.5% during the 1st quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock worth $628,000 after purchasing an additional 46 shares during the period. Finally, Accredited Investors Inc. boosted its stake in Royal Caribbean Cruises by 2.1% during the 1st quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock worth $458,000 after purchasing an additional 46 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Price Performance

NYSE:RCL traded up $0.36 during mid-day trading on Wednesday, hitting $313.44. 1,900,690 shares of the company's stock traded hands, compared to its average volume of 2,145,314. 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 firm's 50 day simple moving average is $311.20 and its 200 day simple moving average is $257.81. Royal Caribbean Cruises Ltd. has a 1 year low of $150.33 and a 1 year high of $355.91. The company has a market cap of $85.14 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 0.88 and a beta of 2.22.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the firm posted $3.21 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the firm'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 completion of the transaction, the director directly owned 165,421 shares in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,807 shares of company stock valued at $11,652,630 over the last 90 days. 6.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Macquarie reduced their target price on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Susquehanna restated a "positive" rating and issued a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Finally, Loop Capital restated a "buy" rating and issued a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $323.10.

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.