National Bank of Canada FI Has $24.33 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

National Bank of Canada FI increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 66.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,149 shares of the company's stock after purchasing an additional 54,561 shares during the quarter. National Bank of Canada FI owned about 0.05% of Royal Caribbean Cruises worth $24,325,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Plato Investment Management Ltd bought a new position in Royal Caribbean Cruises in the 3rd quarter valued at $26,000. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises in the second quarter valued at about $27,000. Safe Harbor Fiduciary LLC acquired a new stake in Royal Caribbean Cruises in the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. raised its holdings in Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock worth $30,000 after purchasing an additional 121 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its position in Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock valued at $32,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

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

Wall Street Analyst Weigh In

RCL has been the topic of several analyst reports. The Goldman Sachs Group increased their price objective on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a "buy" rating in a report on Tuesday. Barclays lifted their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Tigress Financial boosted their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Citigroup increased their price target on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $235.50.

Royal Caribbean Cruises Stock Down 0.6 %

Shares of RCL traded down $1.54 during midday trading on Tuesday, hitting $245.60. The stock had a trading volume of 2,301,492 shares, compared to its average volume of 2,331,744. The firm has a market cap of $66.04 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.68 and a beta of 2.59. The company has a 50 day simple moving average of $216.77 and a two-hundred day simple moving average of $179.65. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $258.70. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating 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 firm had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.89 billion. During the same quarter in the previous year, the business posted $3.85 EPS. The business's quarterly revenue was up 17.5% compared to the same quarter last year. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS 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.