Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Position Decreased by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 55.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,699 shares of the company’s stock after selling 18,437 shares during the period. Edgestream Partners L.P.’s holdings in Royal Caribbean Cruises were worth $2,607,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its holdings in shares of Royal Caribbean Cruises by 2.6% in 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 purchasing an additional 7,298 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 17.2% during the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after acquiring an additional 5,655 shares during the period. Souders Financial Advisors bought a new position in shares of Royal Caribbean Cruises during the third quarter worth about $800,000. Swiss National Bank increased its stake in shares of Royal Caribbean Cruises by 0.5% in the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after purchasing an additional 3,800 shares during the period. Finally, New Wave Wealth Advisors LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter worth approximately $611,000. Institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RCL. Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein assumed coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective for the company. Barclays lifted their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Macquarie increased their target price on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.63.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $246.41 on Tuesday. The firm has a market capitalization of $66.25 billion, a P/E ratio of 25.32, a P/E/G ratio of 0.64 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 52-week low of $110.66 and a 52-week high of $249.52. 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 stock has a fifty day moving average price of $208.22 and a two-hundred day moving average price of $175.28.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (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 during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the company posted $3.85 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the transaction, the director now directly owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 owns 9,964 shares of the company’s stock, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is currently 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.