DekaBank Deutsche Girozentrale Has $10.27 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

DekaBank Deutsche Girozentrale cut its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 55.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,884 shares of the company's stock after selling 72,717 shares during the period. DekaBank Deutsche Girozentrale's holdings in Royal Caribbean Cruises were worth $10,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of RCL. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises in the second quarter worth approximately $27,000. Versant Capital Management Inc boosted its stake in shares of Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company's stock worth $30,000 after buying an additional 172 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its position in shares of Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock valued at $30,000 after buying an additional 121 shares during the period. 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 worth $32,000 after acquiring an additional 140 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in Royal Caribbean Cruises by 50.3% in the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company's stock valued at $37,000 after acquiring an additional 78 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Down 1.0 %

NYSE RCL traded down $2.01 on Thursday, reaching $206.35. The stock had a trading volume of 2,432,126 shares, compared to its average volume of 2,402,736. The company has a market capitalization of $53.10 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 0.58 and a beta of 2.61. The business has a 50 day moving average price of $179.29 and a 200 day moving average price of $160.68. Royal Caribbean Cruises Ltd. has a 1 year low of $83.25 and a 1 year high of $214.12. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. The company 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 52.49% and a net margin of 16.32%. The company's revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.85 EPS. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RCL. Barclays increased their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an "overweight" rating in a research report on Wednesday. Mizuho raised their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. StockNews.com downgraded shares of Royal Caribbean Cruises from a "hold" rating to a "sell" rating in a research note on Wednesday. The Goldman Sachs Group lifted their target price on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $214.00.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the business's stock in a transaction dated 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 directly owns 25,837 shares of the company's stock, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Vagn O. Sorensen sold 5,800 shares of the company's stock in a transaction dated 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 directly owns 25,837 shares of the company's stock, valued at $4,095,164.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the company's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company's stock, valued at $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by corporate insiders.

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.