Sienna Gestion Sells 3,303 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Sienna Gestion reduced its stake in Royal Caribbean Cruises Ltd. by 10.1%, selling 3,303 shares, resulting in a total of 29,420 shares valued at approximately $5,875,000 at the end of the reporting period.
• Royal Caribbean Cruises reported strong quarterly earnings with an EPS of $4.38, beating estimates by $0.34, and achieving a revenue of $4.54 billion, a year-over-year increase of 10.4%.
• Insider transactions included Director Richard D. Fain selling 16,000 shares valued at nearly $5 million, indicating notable shifts in ownership among senior executives.

Sienna Gestion lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,420 shares of the company's stock after selling 3,303 shares during the quarter. Sienna Gestion's holdings in Royal Caribbean Cruises were worth $5,875,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RCL. Brighton Jones LLC boosted its stake in Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after purchasing an additional 143 shares during the period. Mariner LLC increased its holdings in shares of Royal Caribbean Cruises by 6.8% during the 4th quarter. Mariner LLC now owns 84,451 shares of the company's stock worth $19,484,000 after purchasing an additional 5,376 shares during the period. CreativeOne Wealth LLC increased its stake in Royal Caribbean Cruises by 3.3% in the fourth quarter. CreativeOne Wealth LLC now owns 8,070 shares of the company's stock valued at $1,862,000 after acquiring an additional 258 shares during the period. Belpointe Asset Management LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at about $313,000. Finally, Insigneo Advisory Services LLC boosted its position in Royal Caribbean Cruises by 6.4% in the fourth quarter. Insigneo Advisory Services LLC now owns 3,321 shares of the company's stock valued at $766,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 0.4%

Shares of NYSE RCL traded up $1.24 during midday trading on Friday, reaching $313.54. The stock had a trading volume of 1,407,483 shares, compared to its average volume of 2,094,295. The company's 50 day moving average price is $312.76 and its 200 day moving average price is $258.60. The firm has a market cap of $85.17 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 0.88 and a beta of 2.22. 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 twelve month low of $154.08 and a twelve month high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS 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 during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the business posted $3.21 EPS. Royal Caribbean Cruises's quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RCL. Morgan Stanley upped their target price on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. increased their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Barclays increased their price target on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital restated a "buy" rating and set a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Finally, Citigroup raised their price target 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. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $323.10.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction dated 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 directly owned 7,826 shares of the company's stock, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the sale, the director directly owned 165,421 shares in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,807 shares of company stock worth $11,652,630 over the last three months. 6.95% of the stock is owned by insiders.

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.