AustralianSuper Pty Ltd Purchases 2,622 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

AustralianSuper Pty Ltd increased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 84.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,735 shares of the company's stock after buying an additional 2,622 shares during the quarter. AustralianSuper Pty Ltd's holdings in Royal Caribbean Cruises were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $27,000. Versant Capital Management Inc raised its position in Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company's stock worth $30,000 after purchasing an additional 172 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted 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 buying an additional 121 shares during the period. AlphaMark Advisors LLC grew its position in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock valued at $32,000 after buying an additional 140 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of Royal Caribbean Cruises by 50.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company's stock valued at $37,000 after buying an additional 78 shares during the last quarter. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Down 2.1 %

NYSE RCL traded down $4.29 on Friday, reaching $202.06. The company had a trading volume of 1,689,324 shares, compared to its average volume of 2,399,382. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The company's fifty day moving average is $181.04 and its 200 day moving average is $161.52. Royal Caribbean Cruises Ltd. has a 52-week low of $86.75 and a 52-week high of $214.12. The stock has a market capitalization of $54.33 billion, a P/E ratio of 20.77, a P/E/G ratio of 0.61 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business's revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.85 earnings per share. Sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the sale, the director now owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the sale, the director now owns 204,521 shares of the company's stock, valued at approximately $42,953,500.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the company's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. 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 over the last three months. 7.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on RCL. 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 research note on Friday, October 11th. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Wednesday, August 7th. 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 research note on Tuesday. The Goldman Sachs Group boosted their target price 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. Finally, Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and a consensus target price of $214.00.

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.