Royal Caribbean Cruises Ltd. $RCL Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Royal Caribbean Cruises by 4.3%, holding a total of 48,849 shares valued at approximately $10 million.
• Insider transactions included Director Richard D. Fain selling 16,000 shares for about $4.98 million, which is a 9.62% decrease in his ownership.
• Royal Caribbean Cruises reported strong quarterly earnings with an EPS of $4.38, exceeding estimates, and set FY 2025 guidance of 15.410-15.550 EPS.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,849 shares of the company's stock after acquiring an additional 2,017 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Royal Caribbean Cruises were worth $10,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Q Global Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $2,780,000. Van Hulzen Asset Management LLC increased its position in shares of Royal Caribbean Cruises by 72.7% in the 1st quarter. Van Hulzen Asset Management LLC now owns 9,501 shares of the company's stock valued at $1,952,000 after acquiring an additional 3,999 shares during the period. Allstate Corp increased its position in shares of Royal Caribbean Cruises by 69.1% in the 1st quarter. Allstate Corp now owns 12,233 shares of the company's stock valued at $2,513,000 after acquiring an additional 4,998 shares during the period. Compound Planning Inc. increased its position in shares of Royal Caribbean Cruises by 13.1% in the 1st quarter. Compound Planning Inc. now owns 3,173 shares of the company's stock valued at $652,000 after acquiring an additional 367 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Royal Caribbean Cruises by 112.9% in the 1st quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company's stock valued at $116,396,000 after acquiring an additional 300,232 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the sale, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This trade represents a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock worth $10,091,282 in the last ninety days. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

RCL traded up $5.78 during midday trading on Wednesday, hitting $359.52. 2,163,777 shares of the company were exchanged, compared to its average volume of 2,109,832. The company's 50 day simple moving average is $324.43 and its 200 day simple moving average is $262.64. The firm has a market capitalization of $97.66 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 0.99 and a beta of 2.22. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a 1-year low of $154.08 and a 1-year high of $360.72.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share 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 the consensus estimate 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 for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm 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, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup upped their target price on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. TD Cowen assumed coverage on Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 target price on the stock. Morgan Stanley upped their target price on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Tigress Financial increased their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, Macquarie cut 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. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.