Royal Caribbean Cruises Ltd. $RCL Shares Sold by Night Squared LP

Night Squared LP cut its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 18.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,082 shares of the company’s stock after selling 4,902 shares during the quarter. Royal Caribbean Cruises makes up about 3.1% of Night Squared LP’s holdings, making the stock its 9th biggest position. Night Squared LP’s holdings in Royal Caribbean Cruises were worth $6,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises during the second quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth about $31,000. 1 North Wealth Services LLC bought a new stake in Royal Caribbean Cruises during the 2nd quarter valued at approximately $31,000. Trust Co. of Toledo NA OH bought a new stake in Royal Caribbean Cruises during the 2nd quarter valued at approximately $32,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director directly owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Down 1.7%

RCL opened at $248.23 on Wednesday. The company has a market capitalization of $67.69 billion, a P/E ratio of 16.69, a P/E/G ratio of 0.76 and a beta of 1.91. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.14. The firm’s fifty day moving average price is $281.52 and its two-hundred day moving average price is $304.13. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the firm earned $5.20 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho cut their price target on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. The Goldman Sachs Group dropped their target price on shares of Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, October 8th. Finally, UBS Group cut their price objective on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.45.

About Royal Caribbean Cruises

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.