Royal Caribbean Cruises Ltd. $RCL Position Lowered by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 33.3%, owning 2,208 shares valued at $454,000 after selling 1,102 shares in the first quarter.
• Recent insider transactions saw CAO Henry L. Pujol and Director Vagn O. Sorensen collectively sell over 15,000 shares of the company's stock, resulting in significant decreases in their ownership positions of approximately 40%.
• Royal Caribbean Cruises reported earnings of $4.38 per share, beating estimates and showing a year-over-year revenue increase of 10.4%, with analysts forecasting strong guidance for FY 2025.

Jump Financial LLC trimmed its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 33.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,208 shares of the company's stock after selling 1,102 shares during the quarter. Jump Financial LLC's holdings in Royal Caribbean Cruises were worth $454,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake 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 worth $303,000 after buying an additional 143 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 6.7% during 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 in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth $333,000. Captrust Financial Advisors lifted its stake in shares of Royal Caribbean Cruises by 6.4% in the fourth quarter. Captrust Financial Advisors now owns 15,643 shares of the company's stock valued at $3,609,000 after purchasing an additional 939 shares during the period. Finally, Centiva Capital LP purchased a new stake in Royal Caribbean Cruises during the fourth quarter worth about $975,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 16,407 shares in the company, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last ninety days. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Up 0.2%

Shares of NYSE:RCL traded up $0.68 during mid-day trading on Wednesday, hitting $354.76. 1,174,832 shares of the company traded hands, compared to its average volume of 1,856,175. The firm's 50 day simple moving average is $332.86 and its 200 day simple moving average is $266.12. The firm has a market cap of $96.36 billion, a P/E ratio of 26.59, a PEG ratio of 1.02 and a beta of 2.12. 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 Ltd. has a 52-week low of $154.08 and a 52-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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $3.21 earnings per share. 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, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Analyst Upgrades and Downgrades

RCL has been the topic of a number of research analyst reports. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Citigroup raised their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein raised their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Barclays lifted their price target on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Susquehanna reiterated 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. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.