Royal Caribbean Cruises Ltd. $RCL Shares Sold by Thomas J. Herzfeld Advisors Inc.

Key Points

• Thomas J. Herzfeld Advisors Inc. reduced its position in Royal Caribbean Cruises Ltd. by 45.3%, owning 9,666 shares after selling 8,000 shares in the first quarter.
• Several hedge funds have increased their stakes in Royal Caribbean, with Florida Financial Advisors LLC boosting its stake by 87.6% during the same quarter.
• Royal Caribbean Cruises reported earnings of $4.38 per share for the last quarter, surpassing analysts' expectations and showing a 10.4% year-over-year revenue increase.

Thomas J. Herzfeld Advisors Inc. reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 45.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,666 shares of the company's stock after selling 8,000 shares during the period. Thomas J. Herzfeld Advisors Inc.'s holdings in Royal Caribbean Cruises were worth $1,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RCL. Financial Gravity Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $25,000. Hughes Financial Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $26,000. Optimum Investment Advisors acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $31,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at approximately $35,000. Finally, SouthState Corp bought a new position in Royal Caribbean Cruises during the 1st quarter worth $39,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded up $5.78 on Wednesday, hitting $359.52. The company's stock had a trading volume of 2,163,777 shares, compared to its average volume of 2,109,832. Royal Caribbean Cruises Ltd. has a 12 month low of $154.08 and a 12 month high of $360.72. The company has a market capitalization of $97.66 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 0.99 and a beta of 2.22. The stock's 50-day moving average is $324.43 and its two-hundred day moving average is $262.64. 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 (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the business posted $3.21 earnings per share. The company's revenue for the quarter 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, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Analysts Set New Price Targets

RCL has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Truist Financial set a $337.00 price objective on Royal Caribbean Cruises in a research note on Wednesday, July 30th. UBS Group upped their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Sanford C. Bernstein upped their price objective 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. Finally, Barclays upped their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. One investment 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 stock. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average price target of $327.14.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 16,000 shares of the stock in a transaction on 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 completion of the transaction, the director owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction on 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 directly owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by corporate insiders.

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.