Price T Rowe Associates Inc. MD Trims Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in Royal Caribbean Cruises Ltd. by 1.2%, holding approximately 0.49% of the company with a value of $272.2 million after selling 15,613 shares.
• Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean stock for about $3.4 million, decreasing his ownership by 38.57%.
• Royal Caribbean reported quarterly earnings of $4.38 per share, exceeding estimates and indicating a 10.4% year-over-year revenue growth, with a fiscal year 2025 EPS guidance between $15.410 and $15.550.

Price T Rowe Associates Inc. MD trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,325,006 shares of the company's stock after selling 15,613 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.49% of Royal Caribbean Cruises worth $272,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Royal Caribbean Cruises by 0.4% in the 1st quarter. CWM LLC now owns 12,816 shares of the company's stock worth $2,633,000 after acquiring an additional 45 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Royal Caribbean Cruises by 3.4% in the 1st quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock worth $278,000 after acquiring an additional 45 shares in the last quarter. Forum Financial Management LP increased its holdings in Royal Caribbean Cruises by 1.5% in the 1st quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock worth $628,000 after acquiring an additional 46 shares in the last quarter. Accredited Investors Inc. increased its holdings in Royal Caribbean Cruises by 2.1% in the 1st quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock worth $458,000 after acquiring an additional 46 shares in the last quarter. Finally, Eastern Bank increased its holdings in Royal Caribbean Cruises by 4.6% in the 1st quarter. Eastern Bank now owns 1,132 shares of the company's stock worth $233,000 after acquiring an additional 50 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Up 1.6%

NYSE:RCL traded up $5.78 during midday trading on Wednesday, hitting $359.52. 2,163,777 shares of the company traded hands, compared to its average volume of 2,516,887. The firm has a market capitalization of $97.66 billion, a P/E ratio of 26.95, a P/E/G ratio of 0.97 and a beta of 2.22. The firm's fifty day moving average is $322.60 and its 200-day moving average is $261.97. Royal Caribbean Cruises Ltd. has a 12-month low of $154.08 and a 12-month high of $360.72. 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 (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating 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 business had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the business posted $3.21 earnings per share. The business's revenue 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. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the 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 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 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RCL. Susquehanna reaffirmed a "positive" rating and set a $385.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. William Blair reaffirmed an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Tigress Financial increased their price objective on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Finally, Sanford C. Bernstein increased their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.