Royal Caribbean Cruises Ltd. $RCL Holdings Cut by Northwest & Ethical Investments L.P.

Key Points

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Northwest & Ethical Investments L.P. lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 77.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,231 shares of the company's stock after selling 21,098 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Royal Caribbean Cruises were worth $1,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in Royal Caribbean Cruises by 12.2% in the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock valued at $303,000 after purchasing an additional 143 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 4.0% in the 4th quarter. NewEdge Advisors LLC now owns 6,922 shares of the company's stock valued at $1,597,000 after buying an additional 266 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Royal Caribbean Cruises by 70.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 58,042 shares of the company's stock worth $13,390,000 after buying an additional 23,956 shares during the last quarter. GeoWealth Management LLC raised its position in Royal Caribbean Cruises by 77.3% during the fourth quarter. GeoWealth Management LLC now owns 2,973 shares of the company's stock valued at $686,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Ossiam raised its position in Royal Caribbean Cruises by 74.6% during the fourth quarter. Ossiam now owns 6,354 shares of the company's stock valued at $1,466,000 after acquiring an additional 2,714 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on RCL shares. Sanford C. Bernstein boosted their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Loop Capital reissued a "buy" rating and set a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Bank of America raised their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Citigroup upped their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Truist Financial set a $337.00 price objective on Royal Caribbean Cruises in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $323.10.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction 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 sale, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Up 4.2%

Shares of RCL opened at $327.16 on Tuesday. 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 company has a 50-day simple moving average of $313.83 and a 200-day simple moving average of $258.91. Royal Caribbean Cruises Ltd. has a 52 week low of $154.08 and a 52 week high of $355.91. The firm has a market capitalization of $88.87 billion, a P/E ratio of 24.52, a P/E/G ratio of 0.88 and a beta of 2.22.

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

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.

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