Raymond James Financial Inc. Has $182.24 Million Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Raymond James Financial Inc. reduced its stake in Royal Caribbean Cruises Ltd. by 17.8% during the 1st quarter, now holding 887,046 shares valued at approximately $182.2 million.
• Royal Caribbean Cruises reported $4.38 earnings per share (EPS) for the last quarter, exceeding analysts' expectations and achieving a revenue increase of 10.4% year-over-year.
• Brokerages have given Royal Caribbean Cruises a "Moderate Buy" rating, with a target price average of $323.10 as several firms raise their forecasts for the stock.

Raymond James Financial Inc. decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 17.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 887,046 shares of the company's stock after selling 192,540 shares during the quarter. Raymond James Financial Inc. owned about 0.33% of Royal Caribbean Cruises worth $182,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RCL. Ostrum Asset Management lifted its stake in Royal Caribbean Cruises by 0.3% in the fourth quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock valued at $2,678,000 after buying an additional 40 shares in the last quarter. CWM LLC lifted its stake in Royal Caribbean Cruises by 0.4% in the first quarter. CWM LLC now owns 12,816 shares of the company's stock valued at $2,633,000 after buying an additional 45 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Royal Caribbean Cruises by 3.4% in the first quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock valued at $278,000 after buying an additional 45 shares in the last quarter. Forum Financial Management LP lifted its stake in Royal Caribbean Cruises by 1.5% in the first quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock valued at $628,000 after buying an additional 46 shares in the last quarter. Finally, Accredited Investors Inc. lifted its stake in Royal Caribbean Cruises by 2.1% in the first quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock valued at $458,000 after buying an additional 46 shares in the last quarter. Institutional investors own 87.53% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on RCL shares. Northcoast Research started coverage on shares of Royal Caribbean Cruises in a report on Friday, April 25th. They issued a "buy" rating and a $279.00 price objective on the stock. Sanford C. Bernstein lifted 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. The Goldman Sachs Group lowered their price objective on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley lifted their price objective on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $323.10.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded down $1.2190 on Wednesday, reaching $328.8510. The company had a trading volume of 1,883,330 shares, compared to its average volume of 2,258,269. The stock has a market capitalization of $89.33 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 0.93 and a beta of 2.22. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a one year low of $154.08 and a one year high of $355.91. The business's 50-day moving average is $315.03 and its 200 day moving average is $259.40.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business 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. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the sale, the director owned 16,407 shares of the company's stock, valued at $5,414,966.28. This represents a 38.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Company 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.