Stephens Inc. AR Sells 3,955 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Stephens Inc. AR trimmed its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 56.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,024 shares of the company's stock after selling 3,955 shares during the quarter. Stephens Inc. AR's holdings in Royal Caribbean Cruises were worth $536,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Reston Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $126,000. AustralianSuper Pty Ltd increased its stake in shares of Royal Caribbean Cruises by 84.2% during the third quarter. AustralianSuper Pty Ltd now owns 5,735 shares of the company's stock worth $1,017,000 after acquiring an additional 2,622 shares during the period. Catalyst Financial Partners LLC acquired a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $200,000. Pinnacle Associates Ltd. lifted its holdings in Royal Caribbean Cruises by 0.9% in the third quarter. Pinnacle Associates Ltd. now owns 353,175 shares of the company's stock valued at $62,639,000 after acquiring an additional 3,235 shares during the period. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Royal Caribbean Cruises by 13.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,325 shares of the company's stock worth $1,831,000 after acquiring an additional 1,253 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RCL shares. Mizuho lifted their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Morgan Stanley raised 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 research note on Wednesday, August 7th. Citigroup boosted their price target on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.00.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 204,521 shares in the company, valued at approximately $42,953,500.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the business's stock in a transaction on 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 sale, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The stock was 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 $2,077,593.64. The trade was a 0.00 % decrease in their position. 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 quarter. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Trading Down 2.7 %

Royal Caribbean Cruises stock traded down $6.12 during trading hours on Thursday, hitting $220.52. The stock had a trading volume of 1,762,777 shares, compared to its average volume of 2,392,506. Royal Caribbean Cruises Ltd. has a one year low of $92.15 and a one year high of $227.12. 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 stock has a market cap of $59.29 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 0.54 and a beta of 2.59. The business's 50 day simple moving average is $183.91 and its 200-day simple moving average is $163.56.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion for 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 revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.85 EPS. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 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.