Royal Caribbean Cruises Ltd. $RCL Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC reduced its stake in Royal Caribbean Cruises by 61.3%, owning 2,552 shares worth $524,000 after selling 4,042 shares during the first quarter.
• Insider selling included Director Vagn O. Sorensen, who sold 10,300 shares for $3.4 million, reducing his position by 38.57%, and Director Richard D. Fain, who sold 16,000 shares for nearly $5 million, decreasing his ownership by 9.62%.
• Royal Caribbean Cruises reported earnings of $4.38 per share for the last quarter, exceeding expectations and showcasing a 10.4% year-over-year revenue increase with a strong FY 2025 guidance.

Ieq Capital LLC decreased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 61.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,552 shares of the company's stock after selling 4,042 shares during the quarter. Ieq Capital LLC's holdings in Royal Caribbean Cruises were worth $524,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings 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 during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 6.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,748 shares of the company's stock worth $404,000 after purchasing an additional 110 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $333,000. Captrust Financial Advisors boosted its stake in Royal Caribbean Cruises by 6.4% in the 4th quarter. Captrust Financial Advisors now owns 15,643 shares of the company's stock worth $3,609,000 after purchasing an additional 939 shares during the period. Finally, Centiva Capital LP acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $975,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 0.2%

Shares of NYSE RCL traded up $0.62 on Monday, hitting $352.89. The company had a trading volume of 962,893 shares, compared to its average volume of 2,471,485. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The business has a 50 day moving average of $334.99 and a two-hundred day moving average of $267.60. The firm has a market capitalization of $95.85 billion, a P/E ratio of 26.50, a PEG ratio of 0.99 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 12-month low of $154.08 and a 12-month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.54 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The company's revenue for the quarter was up 10.4% on a year-over-year basis. 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, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the company's 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 of the company's stock, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the transaction, the director directly owned 16,407 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RCL has been the topic of several analyst reports. Susquehanna reiterated a "positive" rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Citigroup upped their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, Bank of America lifted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average target price of $327.14.

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.