Quantinno Capital Management LP Increases Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Quantinno Capital Management LP grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 59.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,330 shares of the company's stock after purchasing an additional 12,491 shares during the quarter. Quantinno Capital Management LP's holdings in Royal Caribbean Cruises were worth $5,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of RCL. Park Avenue Securities LLC grew its position in Royal Caribbean Cruises by 5.4% in the 2nd quarter. Park Avenue Securities LLC now owns 7,107 shares of the company's stock worth $1,133,000 after purchasing an additional 365 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 2nd quarter worth $317,000. QRG Capital Management Inc. grew its position in Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company's stock worth $6,156,000 after purchasing an additional 5,655 shares during the last quarter. Czech National Bank grew its position in Royal Caribbean Cruises by 8.7% in the 2nd quarter. Czech National Bank now owns 45,117 shares of the company's stock worth $7,193,000 after purchasing an additional 3,609 shares during the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the 2nd quarter worth $253,000. Institutional investors own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the topic of several recent research reports. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, November 26th. They issued an "outperform" rating and a $290.00 price target on the stock. Barclays boosted their target price on shares of 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. boosted their target price on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group boosted their target price on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Tigress Financial boosted their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $233.63.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock worth $94,299,521 in the last quarter. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

NYSE RCL traded up $6.95 on Friday, hitting $258.09. 1,896,459 shares of the stock were exchanged, compared to its average volume of 1,553,753. The business's fifty day moving average is $215.38 and its 200 day moving average is $178.72. 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 company has a market capitalization of $69.40 billion, a PE ratio of 26.53, a P/E/G ratio of 0.66 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $258.21.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued 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. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.89 billion. During the same quarter in the previous year, the company earned $3.85 EPS. The business's revenue was up 17.5% on a year-over-year basis. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal 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.