Royal Caribbean Cruises Ltd. $RCL Shares Sold by Freedom Investment Management Inc.

Key Points

• Freedom Investment Management Inc. reduced its stake in Royal Caribbean Cruises by 38.7%, now holding 1,959 shares, valued at $402,000.
• Several institutional investors increased their positions in Royal Caribbean Cruises, with 87.53% of the stock owned by such investors and hedge funds.
• Royal Caribbean Cruises reported a record quarterly EPS of $4.38, exceeding estimates and indicating strong growth compared to the previous year.

Freedom Investment Management Inc. reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,959 shares of the company's stock after selling 1,239 shares during the period. Freedom Investment Management Inc.'s holdings in Royal Caribbean Cruises were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RCL. Brighton Jones LLC raised its position in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock valued at $303,000 after acquiring an additional 143 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Royal Caribbean Cruises by 50.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,961 shares of the company's stock valued at $452,000 after acquiring an additional 660 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Royal Caribbean Cruises by 2.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 145,848 shares of the company's stock valued at $33,646,000 after acquiring an additional 3,835 shares in the last quarter. Northern Trust Corp grew its stake in Royal Caribbean Cruises by 15.6% during the 4th quarter. Northern Trust Corp now owns 2,364,794 shares of the company's stock worth $545,534,000 after buying an additional 319,264 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in Royal Caribbean Cruises by 4.7% during the 4th quarter. Lido Advisors LLC now owns 3,390 shares of the company's stock worth $784,000 after buying an additional 153 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Royal Caribbean Cruises

In related 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 completion of the transaction, the director owned 150,291 shares of the company's stock, valued at $46,743,506.82. This trade represents a 9.62% 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, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction dated 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 transaction, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RCL has been the subject of a number of recent research reports. Jefferies Financial Group upped their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Susquehanna restated a "positive" rating and set a $385.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Macquarie lowered their price objective on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. TD Cowen initiated coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price objective for the company. Finally, Tigress Financial upped their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

Royal Caribbean Cruises Trading Up 1.6%

NYSE:RCL opened at $359.52 on Thursday. Royal Caribbean Cruises Ltd. has a 1 year low of $154.08 and a 1 year high of $360.72. The stock has a market cap of $97.66 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 0.99 and a beta of 2.22. The business has a fifty day moving average of $324.43 and a 200-day moving average of $262.64. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping 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 company 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 business posted $3.21 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises 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.

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