Nippon Life Global Investors Americas Inc. cut its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 15.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,820 shares of the company's stock after selling 24,270 shares during the period. Royal Caribbean Cruises makes up approximately 1.3% of Nippon Life Global Investors Americas Inc.'s holdings, making the stock its 26th biggest position. Nippon Life Global Investors Americas Inc.'s holdings in Royal Caribbean Cruises were worth $27,180,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of RCL. Nuveen LLC bought a new stake in Royal Caribbean Cruises in the 1st quarter valued at $358,614,000. GAMMA Investing LLC boosted its holdings in Royal Caribbean Cruises by 22,154.9% in the 1st quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock valued at $289,868,000 after purchasing an additional 1,404,622 shares during the period. Janus Henderson Group PLC boosted its holdings in Royal Caribbean Cruises by 3,544.4% in the 4th quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock valued at $222,166,000 after purchasing an additional 936,609 shares during the period. Vanguard Group Inc. boosted its holdings 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 valued at $5,890,943,000 after purchasing an additional 602,447 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after purchasing an additional 535,043 shares during the period. 87.53% of the stock is owned by institutional investors.
Royal Caribbean Cruises Price Performance
Shares of Royal Caribbean Cruises stock traded down $1.02 during mid-day trading on Monday, reaching $351.25. 1,587,254 shares of the stock were exchanged, compared to its average volume of 1,812,732. The company has a market cap of $95.41 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 0.99 and a beta of 2.12. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The firm has a 50-day simple moving average of $335.75 and a 200 day simple moving average of $268.42. Royal Caribbean Cruises Ltd. has a fifty-two week low of $154.08 and a fifty-two week high of $366.50.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The company's revenue 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. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
RCL has been the subject of a number of research reports. Susquehanna reissued a "positive" rating and issued a $385.00 price target (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Loop Capital restated a "buy" rating and issued a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group increased their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research note on Monday, July 7th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.
View Our Latest Stock Analysis on RCL
Insiders Place Their Bets
In other news, 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 owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises 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 transaction, the director directly owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 in the last 90 days. 6.95% of the stock is currently owned by insiders.
About Royal Caribbean Cruises
(
Free Report)
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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