Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Versor Investments LP

Versor Investments LP decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 82.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,297 shares of the company's stock after selling 5,903 shares during the period. Versor Investments LP's holdings in Royal Caribbean Cruises were worth $230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Unique Wealth Strategies LLC purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $27,000. Versant Capital Management Inc grew its holdings in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company's stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its position in Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock worth $30,000 after purchasing an additional 121 shares during the last quarter. AlphaMark Advisors LLC raised its stake in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock valued at $32,000 after purchasing an additional 140 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Royal Caribbean Cruises by 50.3% during the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company's stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays increased their price target on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, October 11th. Citigroup raised 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. JPMorgan Chase & Co. boosted their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group raised their target price on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $220.00.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 6,723 shares of the firm's 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 sale, the chief accounting officer now owns 9,964 shares of the company's stock, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares in the company, valued at approximately $42,953,500.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,796 shares of company stock valued at $7,170,759. Company insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Trading Down 0.7 %

RCL opened at $231.49 on Friday. 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's fifty day moving average is $193.66 and its two-hundred day moving average is $168.11. The company has a market capitalization of $62.24 billion, a P/E ratio of 23.79, a PEG ratio of 0.61 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 52 week low of $101.04 and a 52 week high of $238.10.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the firm posted $3.85 earnings per share. The business's revenue for the quarter was up 17.5% on a year-over-year basis. Analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current 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.