Taika Capital LP Invests $746,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Taika Capital LP acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,205 shares of the company's stock, valued at approximately $746,000.

Other institutional investors have also added to or reduced their stakes in the company. D1 Capital Partners L.P. grew its stake in shares of Royal Caribbean Cruises by 105.7% in the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company's stock worth $241,075,000 after acquiring an additional 777,103 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock worth $72,696,000 after acquiring an additional 406,048 shares during the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 400,565 shares during the last quarter. Forest Avenue Capital Management LP purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth $35,038,000. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Royal Caribbean Cruises by 809.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company's stock valued at $27,601,000 after buying an additional 154,090 shares during the last quarter. Institutional investors own 87.53% of the company's stock.

Analyst Ratings Changes

RCL has been the topic of several recent analyst reports. StockNews.com raised Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Bank of America increased their price objective on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Macquarie raised their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Tigress Financial raised their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $233.63.

Royal Caribbean Cruises Trading Up 2.5 %

Shares of Royal Caribbean Cruises stock traded up $6.24 on Friday, reaching $257.38. The company had a trading volume of 1,014,013 shares, compared to its average volume of 2,327,497. The firm has a market cap of $69.20 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 0.65 and a beta of 2.59. 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 firm's 50-day moving average price is $213.77 and its two-hundred day moving average price is $177.76. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $257.54.

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. The firm had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company's quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.85 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares of the company's stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the sale, the director now directly owns 18,556,860 shares of the company's stock, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 over the last three months. 7.95% of the stock is owned by corporate insiders.

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.