Harvest Portfolios Group Inc. Sells 3,399 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Harvest Portfolios Group Inc. decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,424 shares of the company's stock after selling 3,399 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in Royal Caribbean Cruises were worth $6,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D1 Capital Partners L.P. grew its holdings 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 buying an additional 777,103 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock worth $72,696,000 after buying an additional 406,048 shares in the last quarter. Dimensional Fund Advisors LP grew 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 buying an additional 400,565 shares in the last quarter. Capital International Investors grew its holdings in Royal Caribbean Cruises by 1.0% during the first quarter. Capital International Investors now owns 29,596,455 shares of the company's stock worth $4,114,203,000 after buying an additional 286,868 shares in the last quarter. Finally, Forest Avenue Capital Management LP bought a new stake in Royal Caribbean Cruises during the second quarter worth $35,038,000. Institutional investors own 87.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 7th. Macquarie upped their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Mizuho upped their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, Barclays upped their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.00.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Vagn O. Sorensen sold 5,800 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares in the company, valued at $4,095,164.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares of the company's stock, valued at approximately $2,077,593.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,596 shares of company stock worth $8,090,059 in the last ninety days. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Price Performance

NYSE RCL traded up $15.94 during trading on Wednesday, reaching $226.71. The company's stock had a trading volume of 3,377,185 shares, compared to its average volume of 2,395,340. The stock has a market capitalization of $60.96 billion, a PE ratio of 23.28, a P/E/G ratio of 0.54 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a fifty day moving average of $182.72 and a 200 day moving average of $163.12. Royal Caribbean Cruises Ltd. has a one year low of $90.00 and a one year high of $227.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company's revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.85 EPS. Analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Company 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.