HighVista Strategies LLC Buys Shares of 8,600 Royal Caribbean Cruises Ltd. (NYSE:RCL)

HighVista Strategies LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,600 shares of the company's stock, valued at approximately $1,525,000.

A number of other hedge funds also recently added to or reduced their stakes in RCL. D1 Capital Partners L.P. lifted its stake in Royal Caribbean Cruises by 105.7% during the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company's stock worth $241,075,000 after purchasing an additional 777,103 shares during the last quarter. International Assets Investment Management LLC increased its stake in Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock valued at $72,696,000 after purchasing an additional 406,048 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company's stock worth $326,616,000 after purchasing an additional 400,565 shares in the last quarter. Forest Avenue Capital Management LP purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $35,038,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Royal Caribbean Cruises by 809.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company's stock valued at $27,601,000 after buying an additional 154,090 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now directly owns 18,167,507 shares of the company's stock, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now owns 22,348 shares of the company's stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock valued at $94,299,521 over the last 90 days. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Down 0.2 %

RCL stock traded down $0.52 during midday trading on Tuesday, hitting $245.89. 1,225,904 shares of the company's stock were exchanged, compared to its average volume of 2,337,175. The firm has a 50 day moving average price of $208.22 and a 200-day moving average price of $175.28. Royal Caribbean Cruises Ltd. has a 12-month low of $110.66 and a 12-month high of $249.52. The stock has a market capitalization of $66.11 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company's revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.85 EPS. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Citigroup increased their price objective on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Barclays upped their price target on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, Wells Fargo & Company boosted their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $228.63.

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.