Trexquant Investment LP Sells 119,511 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Trexquant Investment LP lowered its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 85.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,780 shares of the company's stock after selling 119,511 shares during the period. Trexquant Investment LP's holdings in Royal Caribbean Cruises were worth $2,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RCL. Vanguard Group Inc. increased its position in Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company's stock valued at $2,295,891,000 after acquiring an additional 487,327 shares in the last quarter. Norges Bank bought a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $323,251,000. Northern Trust Corp lifted its holdings in Royal Caribbean Cruises by 6.8% during the 3rd quarter. Northern Trust Corp now owns 2,335,667 shares of the company's stock worth $215,208,000 after buying an additional 148,532 shares in the last quarter. Swiss National Bank lifted its holdings in Royal Caribbean Cruises by 2.8% during the 4th quarter. Swiss National Bank now owns 760,938 shares of the company's stock worth $98,534,000 after buying an additional 20,600 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Royal Caribbean Cruises by 15.4% in the 4th quarter. Federated Hermes Inc. now owns 639,348 shares of the company's stock valued at $82,789,000 after buying an additional 85,545 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RCL shares. Barclays boosted their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an "overweight" rating in a research report on Friday, May 17th. UBS Group raised their price target on Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, May 14th. Bank of America increased their target price on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a "neutral" rating in a research note on Thursday, May 2nd. Finally, Mizuho boosted their target price on Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $147.38.

Royal Caribbean Cruises Stock Up 1.4 %

Shares of NYSE:RCL traded up $2.12 during midday trading on Friday, reaching $148.43. 1,870,512 shares of the company were exchanged, compared to its average volume of 2,394,638. The stock has a fifty day simple moving average of $137.65 and a two-hundred day simple moving average of $125.84. The firm has a market cap of $38.20 billion, a PE ratio of 19.13, a P/E/G ratio of 0.45 and a beta of 2.49. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises Ltd. has a fifty-two week low of $77.14 and a fifty-two week high of $150.90.

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

Insiders Place Their Bets

In other news, CEO Michael W. Bayley sold 49,155 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $147.67, for a total value of $7,258,718.85. Following the sale, the chief executive officer now directly owns 49,695 shares in the company, valued at $7,338,460.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael W. Bayley sold 49,155 shares of the firm's stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $147.67, for a total value of $7,258,718.85. Following the completion of the transaction, the chief executive officer now owns 49,695 shares in the company, valued at approximately $7,338,460.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Insiders sold a total of 133,300 shares of company stock valued at $19,037,832 in the last quarter. 7.95% of the stock is currently owned by 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.