Royal Caribbean Cruises Ltd. $RCL Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Royal Caribbean Cruises by 4.4%, holding a total of 32,616 shares valued at approximately $6.7 million.
• Royal Caribbean Cruises reported $4.38 earnings per share for its recent quarter, exceeding expectations and showing a year-over-year revenue increase of 10.4%.
• Currently, institutional investors own 87.53% of Royal Caribbean Cruises' stock, with several hedge funds making notable adjustments to their positions recently.

Public Sector Pension Investment Board raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 4.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,616 shares of the company's stock after purchasing an additional 1,371 shares during the period. Public Sector Pension Investment Board's holdings in Royal Caribbean Cruises were worth $6,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RCL. Financial Gravity Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the first quarter valued at approximately $25,000. Hughes Financial Services LLC purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $26,000. Optimum Investment Advisors purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $31,000. Fourth Dimension Wealth LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth $35,000. Finally, SouthState Corp purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $39,000. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 1.0%

Shares of RCL stock traded up $3.1540 during trading hours on Tuesday, reaching $329.9540. 3,353,463 shares of the stock were exchanged, compared to its average volume of 2,532,220. Royal Caribbean Cruises Ltd. has a 12-month low of $154.08 and a 12-month high of $355.91. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The company's 50-day moving average price is $313.83 and its 200-day moving average price is $258.91. The firm has a market capitalization of $89.63 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 0.88 and a beta of 2.22.

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

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 16,000 shares of the company'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 sale, the director owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The stock was 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 of the company's stock, valued at $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RCL. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Macquarie lowered their target price on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Morgan Stanley lifted their target price on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Loop Capital restated a "buy" rating and set a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Finally, William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average target price of $323.10.

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.