Royal Caribbean Cruises Ltd. $RCL is Clough Capital Partners L P's 10th Largest Position

Key Points

• Clough Capital Partners L P increased its stake in Royal Caribbean Cruises by 7.1% in Q1, making it the firm's 10th largest position, worth approximately $20.41 million.
• Royal Caribbean Cruises reported $4.38 earnings per share, exceeding estimates, and set a fiscal year 2025 guidance of 15.410-15.550 EPS.
• Analyst ratings have been optimistic, with Stifel Nicolaus raising the target price to $420 and 18 analysts recommending a Buy rating, contributing to an average target of $327.14.

Clough Capital Partners L P raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 7.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,346 shares of the company's stock after acquiring an additional 6,550 shares during the period. Royal Caribbean Cruises makes up about 2.5% of Clough Capital Partners L P's portfolio, making the stock its 10th biggest holding. Clough Capital Partners L P's holdings in Royal Caribbean Cruises were worth $20,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the 1st quarter worth about $25,000. Hughes Financial Services LLC bought a new position in Royal Caribbean Cruises in the first quarter worth approximately $26,000. Optimum Investment Advisors bought a new position in Royal Caribbean Cruises in the first quarter worth approximately $31,000. Fourth Dimension Wealth LLC bought a new position in Royal Caribbean Cruises in the fourth quarter worth approximately $35,000. Finally, SouthState Corp bought a new position in shares of Royal Caribbean Cruises in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Tigress Financial raised their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a report on Thursday, August 21st. TD Cowen assumed coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 target price on the stock. William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Citigroup raised their target price on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley raised their target price on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $327.14.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the sale, the chief accounting officer directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction 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 in the company, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock worth $10,091,282 over the last ninety days. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock traded down $2.77 during mid-day trading on Monday, reaching $363.07. 1,962,254 shares of the company's stock were exchanged, compared to its average volume of 1,957,054. The business's fifty day simple moving average is $328.20 and its 200 day simple moving average is $264.18. The firm has a market capitalization of $98.62 billion, a PE ratio of 27.22, a P/E/G ratio of 1.02 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a one year low of $154.08 and a one year high of $366.50. 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 issued its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The business 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%.Royal Caribbean Cruises's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last 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. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

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.