Royal Caribbean Cruises Ltd. $RCL Shares Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Royal Caribbean Cruises Ltd. by 24.2%, purchasing an additional 2,214 shares, bringing its total holdings to 11,377 shares valued at approximately $2.34 million.
• Royal Caribbean recently reported quarterly earnings of $4.38 EPS, surpassing analyst expectations of $4.04, with a revenue of $4.54 billion.
• Institutional investors own 87.53% of Royal Caribbean's stock, highlighting strong hedge fund involvement in the company.

Vident Advisory LLC lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 24.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,377 shares of the company's stock after purchasing an additional 2,214 shares during the quarter. Vident Advisory LLC's holdings in Royal Caribbean Cruises were worth $2,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RCL. Nuveen LLC acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth $358,614,000. GAMMA Investing LLC lifted its position in Royal Caribbean Cruises by 22,154.9% during the 1st 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 during the period. Janus Henderson Group PLC lifted its position in 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 acquiring an additional 936,609 shares during the period. Vanguard Group Inc. lifted its position in Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Royal Caribbean Cruises by 21.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after acquiring an additional 535,043 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded down $7.62 on Friday, hitting $352.44. The company had a trading volume of 1,455,537 shares, compared to its average volume of 1,835,217. The firm has a market cap of $95.73 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 1.01 and a beta of 2.12. The company has a 50-day moving average price of $334.99 and a 200-day moving average price of $267.42. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a twelve month low of $154.08 and a twelve month 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 business had revenue of $4.54 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on RCL. Jefferies Financial Group lifted their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. William Blair reaffirmed an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Tigress Financial lifted their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Wall Street Zen cut Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Finally, Sanford C. Bernstein lifted their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $327.14.

Insider Activity at Royal Caribbean Cruises

In related news, 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the sale, the director owned 16,407 shares of the company's stock, valued at approximately $5,414,966.28. This trade represents a 38.57% 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 worth $10,091,282 in the last 90 days. 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.