Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Lowered by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,990 shares of the company’s stock after selling 3,825 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $2,677,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. FMR LLC lifted its holdings in Royal Caribbean Cruises by 16.3% in the first quarter. FMR LLC now owns 560,962 shares of the company’s stock worth $36,631,000 after purchasing an additional 78,482 shares during the period. Cerity Partners LLC lifted its holdings in Royal Caribbean Cruises by 2.3% in the first quarter. Cerity Partners LLC now owns 14,909 shares of the company’s stock worth $974,000 after purchasing an additional 341 shares during the period. ExodusPoint Capital Management LP lifted its holdings in Royal Caribbean Cruises by 142.1% in the first quarter. ExodusPoint Capital Management LP now owns 10,205 shares of the company’s stock worth $666,000 after purchasing an additional 34,455 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Royal Caribbean Cruises by 11.8% in the first quarter. Envestnet Asset Management Inc. now owns 114,497 shares of the company’s stock worth $7,477,000 after purchasing an additional 12,067 shares during the period. Finally, Barrett & Company Inc. acquired a new stake in Royal Caribbean Cruises in the first quarter worth about $33,000. Institutional investors and hedge funds own 75.64% of the company’s stock.

Insider Activity

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel bought 1,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of $103.70 per share, for a total transaction of $103,700.00. Following the acquisition, the director now directly owns 13,592 shares of the company’s stock, valued at $1,409,490.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Henry L. Pujol sold 18,908 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $106.74, for a total value of $2,018,239.92. Following the transaction, the chief accounting officer now owns 23,521 shares in the company, valued at $2,510,631.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maritza Gomez Montiel acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $103.70 per share, for a total transaction of $103,700.00. Following the acquisition, the director now directly owns 13,592 shares of the company’s stock, valued at approximately $1,409,490.40. The disclosure for this purchase can be found here. 8.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RCL has been the subject of several research analyst reports. Tigress Financial upped their price objective on shares of Royal Caribbean Cruises from $102.00 to $139.00 in a report on Tuesday, August 15th. Truist Financial upped their price target on shares of Royal Caribbean Cruises from $72.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, July 18th. Susquehanna upped their price target on shares of Royal Caribbean Cruises from $85.00 to $127.00 and gave the company a “positive” rating in a report on Friday, July 28th. StockNews.com assumed coverage on shares of Royal Caribbean Cruises in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, VNET Group reissued a “maintains” rating on shares of Royal Caribbean Cruises in a report on Monday, June 12th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.92.

Royal Caribbean Cruises Price Performance

RCL stock opened at $97.70 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.18 and a debt-to-equity ratio of 5.28. Royal Caribbean Cruises Ltd. has a one year low of $36.92 and a one year high of $112.95. The firm has a market capitalization of $25.03 billion, a PE ratio of -305.30 and a beta of 2.47. The firm has a 50-day moving average of $102.03 and a two-hundred day moving average of $83.42.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, July 27th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.41 billion. Royal Caribbean Cruises had a positive return on equity of 6.76% and a negative net margin of 0.47%. The firm’s quarterly revenue was up 61.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.08) EPS. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 6.22 earnings per share for the current year.

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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.