Royal London Asset Management Ltd. Purchases 4,777 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Royal London Asset Management Ltd. lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,518 shares of the company's stock after purchasing an additional 4,777 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Royal Caribbean Cruises were worth $16,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Royal Caribbean Cruises by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company's stock worth $326,616,000 after buying an additional 400,565 shares in the last quarter. D1 Capital Partners L.P. boosted its stake in Royal Caribbean Cruises by 3.8% during the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company's stock valued at $278,502,000 after purchasing an additional 58,159 shares during the last quarter. Swiss National Bank increased its holdings in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company's stock worth $128,699,000 after purchasing an additional 3,800 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Royal Caribbean Cruises by 0.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company's stock worth $90,969,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Royal Caribbean Cruises by 4.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company's stock valued at $79,415,000 after buying an additional 21,326 shares during the last quarter. Institutional investors own 87.53% of the company's stock.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares of the company's stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of the company's stock in a transaction 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 sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Price Performance

RCL stock traded up $6.95 during trading on Friday, reaching $258.09. The company's stock had a trading volume of 1,896,459 shares, compared to its average volume of 1,553,753. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The company's fifty day moving average is $215.38 and its 200-day moving average is $178.94. The company has a market capitalization of $69.40 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 0.66 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $258.21.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $4.89 billion. During the same quarter last year, the business posted $3.85 earnings per share. The firm's revenue was up 17.5% on a year-over-year basis. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on RCL. Citigroup upped their target price on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Tigress Financial increased their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Macquarie increased their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and an average target price of $233.63.

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.