Penserra Capital Management LLC Sells 4,051 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Penserra Capital Management LLC cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 30.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,317 shares of the company's stock after selling 4,051 shares during the period. Penserra Capital Management LLC's holdings in Royal Caribbean Cruises were worth $1,913,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital International Investors increased its position in shares of Royal Caribbean Cruises by 0.9% during the fourth quarter. Capital International Investors now owns 29,712,610 shares of the company's stock worth $6,854,905,000 after acquiring an additional 278,860 shares in the last quarter. Vanguard Group Inc. grew its position in Royal Caribbean Cruises by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock worth $6,476,003,000 after purchasing an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC grew its position in Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after purchasing an additional 353,893 shares in the last quarter. Norges Bank bought a new stake in Royal Caribbean Cruises in the 4th quarter worth about $707,833,000. Finally, Bank of New York Mellon Corp grew its position in Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after purchasing an additional 535,043 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the 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 directly owned 165,421 shares in the company, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded up $7.54 during trading on Thursday, reaching $341.11. 1,260,363 shares of the company's stock traded hands, compared to its average volume of 2,615,415. The company has a market capitalization of $92.63 billion, a P/E ratio of 28.33, a PEG ratio of 0.98 and a beta of 2.17. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 2.21. The firm's 50-day moving average is $267.95 and its 200 day moving average is $240.91. Royal Caribbean Cruises Ltd. has a 1 year low of $130.08 and a 1 year high of $342.56.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The company had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. During the same period in the prior year, the company posted $1.77 EPS. Royal Caribbean Cruises's revenue was up 7.3% compared to the same quarter last year. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.88%. Royal Caribbean Cruises's dividend payout ratio is presently 24.92%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price objective on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $310.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group upped their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday. Northcoast Research started coverage on shares of Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a "buy" rating and a $279.00 target price on the stock. Finally, Barclays boosted their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and an average price target of $293.90.

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.