State of Wyoming Takes $321,000 Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• The State of Wyoming has invested approximately $321,000 in 1,564 shares of Royal Caribbean Cruises Ltd. during the first quarter.
• Royal Caribbean has seen several hedge funds increase their stakes, with 87.53% of the stock owned by institutional investors.
• Analysts have given Royal Caribbean a consensus price target of $327.14, with a mix of ratings including one Strong Buy and eighteen Buy recommendations.

State of Wyoming acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,564 shares of the company's stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RCL. Trexquant Investment LP acquired a new stake in shares of Royal Caribbean Cruises during the first quarter valued at approximately $3,997,000. Okabena Investment Services Inc. lifted its stake in Royal Caribbean Cruises by 0.9% in the 1st quarter. Okabena Investment Services Inc. now owns 4,996 shares of the company's stock worth $1,026,000 after acquiring an additional 44 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in Royal Caribbean Cruises by 7.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 19,378 shares of the company's stock worth $3,981,000 after acquiring an additional 1,411 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at about $49,000. Finally, Ceredex Value Advisors LLC purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at about $20,477,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 10,300 shares of the company's stock in a transaction dated 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 transaction, the director owned 16,407 shares of the company's stock, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director directly owned 150,291 shares in the company, valued at approximately $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. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last ninety days. Company insiders own 6.95% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RCL shares. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Jefferies Financial Group upped their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Morgan Stanley lifted their price objective on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Macquarie dropped their target price on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Citigroup raised their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $327.14.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL traded up $0.68 during trading hours on Wednesday, hitting $354.76. 1,174,832 shares of the company's stock were exchanged, compared to its average volume of 1,856,175. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The company's 50-day moving average price is $332.86 and its 200-day moving average price is $266.12. The stock has a market capitalization of $96.36 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.02 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 1-year low of $154.08 and a 1-year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous 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, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

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.