XTX Topco Ltd Acquires New Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• XTX Topco Ltd acquired a stake in Royal Caribbean Cruises Ltd. by purchasing 17,626 shares valued at approximately $3.62 million during the 1st quarter, according to their recent SEC filing.
• Several institutional investors increased their positions in Royal Caribbean, with Brighton Jones LLC increasing by 12.2% and Teacher Retirement System of Texas increasing by 39.8% in the last quarter.
• Analyst ratings for Royal Caribbean are predominantly positive, with eighteen analysts rating it a buy and a consensus price target of $311.05.

XTX Topco Ltd purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,626 shares of the company's stock, valued at approximately $3,621,000.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in Royal Caribbean Cruises by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after buying an additional 353,893 shares in the last quarter. Revisor Wealth Management LLC bought a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $1,525,000. Groupama Asset Managment acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $1,122,000. Brown Miller Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises in the first quarter valued at approximately $266,000. Finally, Florida Financial Advisors LLC boosted its holdings in Royal Caribbean Cruises by 87.6% during the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock worth $402,000 after purchasing an additional 914 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $253.10, for a total value 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. The trade was a 10.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RCL shares. Loop Capital reaffirmed a "buy" rating and set a $290.00 price target (up from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. 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. JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, Morgan Stanley raised their price target on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.10.

Royal Caribbean Cruises Stock Down 1.0%

RCL traded down $3.41 during mid-day trading on Wednesday, reaching $330.96. 2,433,257 shares of the stock were exchanged, compared to its average volume of 2,087,966. The company has a 50 day moving average price of $299.59 and a two-hundred day moving average price of $252.59. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.15 and a current ratio of 0.23. The stock has a market capitalization of $89.88 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 0.94 and a beta of 2.17. Royal Caribbean Cruises Ltd. has a 1 year low of $130.08 and a 1 year high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.21 EPS. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.91%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

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.