Robeco Institutional Asset Management B.V. Lowers Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Robeco Institutional Asset Management B.V. lessened its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,584 shares of the company's stock after selling 3,285 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Royal Caribbean Cruises were worth $21,564,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RCL. Blair William & Co. IL lifted its stake in Royal Caribbean Cruises by 37.4% in the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company's stock valued at $14,197,000 after purchasing an additional 27,819 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Royal Caribbean Cruises by 2.6% during the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company's stock worth $51,349,000 after acquiring an additional 7,298 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Royal Caribbean Cruises by 17.2% during the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company's stock worth $6,156,000 after buying an additional 5,655 shares during the period. New Wave Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Royal Caribbean Cruises by 8.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company's stock worth $6,310,000 after purchasing an additional 2,640 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded down $6.03 during mid-day trading on Thursday, reaching $220.61. The company had a trading volume of 1,324,014 shares, compared to its average volume of 2,390,400. The company's 50-day moving average price is $183.91 and its 200-day moving average price is $163.56. Royal Caribbean Cruises Ltd. has a one year low of $92.15 and a one year high of $227.12. The firm has a market cap of $59.32 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 0.54 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm's quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.85 EPS. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Insider Activity

In related news, Director Vagn O. Sorensen sold 5,800 shares of the firm'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 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Henry L. Pujol sold 6,723 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares of the company's stock, valued at approximately $2,077,593.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction that occurred 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 sale, the director now owns 25,837 shares in the company, valued at $4,095,164.50. This 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 valued at $8,090,059 over the last quarter. Company insiders own 7.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Susquehanna upped their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Tuesday, July 30th. Barclays increased their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. StockNews.com lowered shares of Royal Caribbean Cruises from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $218.00.

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.