Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,569 shares of the company's stock after acquiring an additional 2,956 shares during the period. QRG Capital Management Inc.'s holdings in Royal Caribbean Cruises were worth $7,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RCL. Blair William & Co. IL boosted its holdings 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 period. Wedge Capital Management L L P NC grew its holdings in Royal Caribbean Cruises by 2.6% during the 3rd 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 period. New Wave Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at $611,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Royal Caribbean Cruises by 8.0% during the 3rd 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. Finally, Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company's stock valued at $3,532,143,000 after buying an additional 132,079 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

RCL stock traded up $15.80 during trading on Wednesday, hitting $226.57. 2,323,601 shares of the company's stock traded hands, compared to its average volume of 2,390,456. The business has a fifty day simple moving average of $182.72 and a 200 day simple moving average of $163.12. Royal Caribbean Cruises Ltd. has a 52 week low of $90.00 and a 52 week high of $226.85. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a market capitalization of $60.92 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 0.54 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the business earned $3.85 EPS. The company's quarterly revenue was up 17.5% on a year-over-year basis. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RCL shares. Susquehanna upped their target price on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Tuesday, July 30th. Tigress Financial boosted 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 report on Friday, August 2nd. Mizuho boosted their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Barclays raised their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, UBS Group boosted their target price on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $214.00.

Insiders Place Their Bets

In related news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises 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 sale, the director now directly owns 25,837 shares in the company, valued at $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 SEC, which is available through the SEC website. 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 sale, the director now owns 204,521 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following 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 disclosure for this sale can be found here. Insiders have sold 40,596 shares of company stock worth $8,090,059 in the last three months. Corporate insiders own 7.95% of the company's stock.

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.