Janney Montgomery Scott LLC Lowers Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Janney Montgomery Scott LLC trimmed its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,156 shares of the company's stock after selling 2,274 shares during the period. Janney Montgomery Scott LLC's holdings in Royal Caribbean Cruises were worth $7,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Investors lifted its stake in Royal Caribbean Cruises by 1.0% in the first quarter. Capital International Investors now owns 29,596,455 shares of the company's stock valued at $4,114,203,000 after buying an additional 286,868 shares during the last quarter. Vanguard Group Inc. raised its position in Royal Caribbean Cruises by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company's stock valued at $3,532,143,000 after purchasing an additional 132,079 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Royal Caribbean Cruises by 24.3% during the 2nd 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 during the period. D1 Capital Partners L.P. grew its position in Royal Caribbean Cruises by 105.7% during the 2nd 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. Finally, Capital International Inc. CA increased its stake in Royal Caribbean Cruises by 3.3% in the first quarter. Capital International Inc. CA now owns 601,917 shares of the company's stock valued at $83,672,000 after purchasing an additional 19,065 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares of the company's stock, valued at approximately $4,095,164.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Laura H. Bethge sold 3,073 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares of the company's stock, valued at $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,596 shares of company stock worth $8,090,059 over the last ninety days. 7.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RCL shares. Truist Financial increased their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Tigress Financial upped their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday. Susquehanna lifted their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a "positive" rating in a research report on Tuesday, July 30th. Finally, Barclays upped their price objective on shares of Royal Caribbean Cruises from $244.00 to $245.00 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 thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $218.00.

Royal Caribbean Cruises Price Performance

RCL stock traded up $4.75 during midday trading on Friday, hitting $225.27. 1,786,765 shares of the stock were exchanged, compared to its average volume of 2,389,713. The stock's 50-day moving average price is $186.20 and its 200-day moving average price is $164.61. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a market cap of $60.57 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 0.60 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a fifty-two week low of $92.15 and a fifty-two week high of $228.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the company posted $3.85 EPS. The business's revenue was up 17.5% on a year-over-year basis. Research analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

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.