19,456 Shares in Royal Caribbean Cruises Ltd. $RCL Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP has invested approximately $4 million in Royal Caribbean Cruises Ltd., acquiring 19,456 shares as part of their new position during the first quarter.
• Multiple institutional investors have made new positions in Royal Caribbean, with institutional ownership reaching 87.53% of the company's stock.
• Royal Caribbean reported an EPS of $4.38 for the last quarter, surpassing analysts' expectations, and has set its FY 2025 guidance between 15.410-15.550 EPS.

Trexquant Investment LP bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,456 shares of the company's stock, valued at approximately $3,997,000.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Royal Caribbean Cruises in the first quarter worth approximately $358,614,000. GAMMA Investing LLC grew its position in Royal Caribbean Cruises by 22,154.9% in the first quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock worth $289,868,000 after acquiring an additional 1,404,622 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Royal Caribbean Cruises by 3,544.4% during the 4th quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock worth $222,166,000 after purchasing an additional 936,609 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock valued at $5,890,943,000 after purchasing an additional 602,447 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after purchasing an additional 535,043 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

NYSE RCL traded up $0.68 on Wednesday, reaching $354.76. The company's stock had a trading volume of 1,174,832 shares, compared to its average volume of 1,856,175. Royal Caribbean Cruises Ltd. has a 52 week low of $154.08 and a 52 week high of $366.50. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The firm has a market cap of $96.36 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.02 and a beta of 2.12. The business has a 50-day moving average price of $332.86 and a 200 day moving average price of $266.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the business earned $3.21 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. 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 recently weighed in on RCL. Sanford C. Bernstein raised their price objective on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Bank of America lifted their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Susquehanna restated a "positive" rating and issued a $385.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Truist Financial set a $337.00 target price on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted 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. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

Insider Activity

In other news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard D. Fain sold 16,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were 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 in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,507 shares of company stock worth $10,091,282. Corporate insiders own 6.95% of the company's stock.

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.