Ameriprise Financial Inc. Purchases 300,232 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Ameriprise Financial Inc. significantly increased its holdings in Royal Caribbean Cruises Ltd. by 112.9%, owning 566,273 shares valued at approximately $116.4 million as of its latest SEC filing.
• Several institutional investors have made new acquisitions in Royal Caribbean, with a total of 87.53% of the stock owned by hedge funds and institutional investors.
• Royal Caribbean Cruises reported a strong fiscal performance with an earnings per share of $4.38, surpassing analyst estimates, and projected future earnings guidance of 15.410-15.550 EPS for FY 2025.

Ameriprise Financial Inc. lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 112.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 566,273 shares of the company's stock after buying an additional 300,232 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.21% of Royal Caribbean Cruises worth $116,396,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Revisor Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at $1,525,000. Brown Miller Wealth Management LLC purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth $266,000. Florida Financial Advisors LLC lifted its stake in Royal Caribbean Cruises by 87.6% in the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock worth $402,000 after purchasing an additional 914 shares in the last quarter. Roberts Capital Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth $572,000. Finally, Vanguard Group Inc. lifted its stake in Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after purchasing an additional 602,447 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on RCL. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Jefferies Financial Group boosted their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price target on the stock. Wall Street Zen cut shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, Susquehanna reiterated a "positive" rating and issued a $385.00 price target (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. One 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $327.14.

Insider Activity at Royal Caribbean Cruises

In related news, 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 transaction, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction dated 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 transaction, 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 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. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded up $5.78 during mid-day trading on Wednesday, hitting $359.52. 2,163,777 shares of the company's stock traded hands, compared to its average volume of 2,109,832. The company's 50-day moving average is $324.43 and its two-hundred day moving average is $262.64. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The company has a market capitalization of $97.66 billion, a P/E ratio of 26.95, a PEG ratio of 0.99 and a beta of 2.22. 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 earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal 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.