Russell Investments Group Ltd. Decreases Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Russell Investments Group Ltd. reduced its holdings in Royal Caribbean Cruises Ltd. by 50.4% in the first quarter, now owning 99,148 shares valued at approximately $20.4 million.
• Royal Caribbean reported earnings of $4.38 per share for the last quarter, exceeding analysts' expectations of $4.04, while revenues remained stable at about $4.54 billion.
• Insider trading activity revealed significant sales, with CAO Henry L. Pujol selling over 5,200 shares worth around $1.72 million, marking a notable decrease in ownership.

Russell Investments Group Ltd. lessened its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 50.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,148 shares of the company's stock after selling 100,830 shares during the period. Russell Investments Group Ltd.'s holdings in Royal Caribbean Cruises were worth $20,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of RCL. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the 1st quarter worth about $25,000. Hughes Financial Services LLC acquired a new position in Royal Caribbean Cruises during the 1st quarter worth about $26,000. Optimum Investment Advisors acquired a new position in Royal Caribbean Cruises during the 1st quarter worth about $31,000. Fourth Dimension Wealth LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $35,000. Finally, SouthState Corp acquired a new position in Royal Caribbean Cruises during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

RCL traded down $4.0550 during trading on Thursday, hitting $325.0650. 752,288 shares of the stock were exchanged, compared to its average volume of 2,518,392. The firm has a market capitalization of $88.30 billion, a P/E ratio of 24.34, a PEG ratio of 0.93 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a 1-year low of $154.08 and a 1-year high of $355.91. The stock has a fifty day moving average price of $316.25 and a two-hundred day moving average price of $259.88. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

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

Insider Buying and Selling at Royal Caribbean Cruises

In related news, 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 value of $4,976,320.00. Following the sale, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $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. In the last ninety days, insiders have sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial set a $337.00 target price on Royal Caribbean Cruises in a research note on Wednesday, July 30th. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Macquarie reduced their price target on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Susquehanna reaffirmed a "positive" rating and issued a $385.00 price target (up previously from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Finally, Bank of America increased their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $327.14.

About Royal Caribbean Cruises

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.