Royal Caribbean Cruises Ltd. (NYSE:RCL) Position Cut by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,784 shares of the company's stock after selling 10,146 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Royal Caribbean Cruises were worth $10,331,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. New Century Financial Group LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $292,000. First National Advisers LLC increased its holdings in shares of Royal Caribbean Cruises by 45.6% during the fourth quarter. First National Advisers LLC now owns 14,894 shares of the company's stock worth $1,929,000 after buying an additional 4,666 shares in the last quarter. Navellier & Associates Inc. increased its holdings in shares of Royal Caribbean Cruises by 18.6% during the fourth quarter. Navellier & Associates Inc. now owns 60,746 shares of the company's stock worth $7,866,000 after buying an additional 9,547 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of Royal Caribbean Cruises by 1.0% during the fourth quarter. Fiera Capital Corp now owns 502,351 shares of the company's stock worth $65,049,000 after buying an additional 4,935 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Royal Caribbean Cruises by 19.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company's stock worth $232,000 after buying an additional 285 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Up 4.1 %

Shares of RCL stock traded up $5.78 on Monday, reaching $147.70. 3,491,898 shares of the company were exchanged, compared to its average volume of 2,718,022. The company has a market cap of $38.01 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.43 and a beta of 2.49. The company has a 50-day moving average of $135.78 and a 200-day moving average of $123.87. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a one year low of $76.31 and a one year high of $150.90.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The business's revenue was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.23) EPS. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on RCL shares. Susquehanna upped their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a "positive" rating in a report on Friday, April 26th. Mizuho boosted their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, May 14th. Morgan Stanley boosted their price objective on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $147.38.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 24,201 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total value of $3,393,222.21. Following the completion of the sale, the chief executive officer now owns 98,850 shares in the company, valued at approximately $13,859,758.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares of the company's stock, valued at approximately $21,365,763.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the completion of the sale, the chief executive officer now directly owns 98,850 shares in the company, valued at approximately $13,859,758.50. The disclosure for this sale can be found here. Insiders have sold 84,145 shares of company stock worth $11,779,113 in the last quarter. Insiders own 7.95% 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.