Profund Advisors LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Profund Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,688 shares of the company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP grew its position in Royal Caribbean Cruises by 1.5% during the fourth quarter. Quantinno Capital Management LP now owns 8,977 shares of the company’s stock valued at $444,000 after purchasing an additional 136 shares in the last quarter. Sentry Investment Management LLC raised its stake in shares of Royal Caribbean Cruises by 10.5% in the 4th quarter. Sentry Investment Management LLC now owns 1,484 shares of the company’s stock valued at $73,000 after buying an additional 141 shares in the last quarter. Greenleaf Trust raised its stake in shares of Royal Caribbean Cruises by 2.7% in the 1st quarter. Greenleaf Trust now owns 5,401 shares of the company’s stock valued at $353,000 after buying an additional 141 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Royal Caribbean Cruises by 0.5% in the 4th quarter. Texas Permanent School Fund now owns 31,078 shares of the company’s stock valued at $1,536,000 after buying an additional 158 shares in the last quarter. Finally, Czech National Bank raised its stake in shares of Royal Caribbean Cruises by 0.7% in the 1st quarter. Czech National Bank now owns 25,855 shares of the company’s stock valued at $1,688,000 after buying an additional 167 shares in the last quarter. 75.64% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Down 1.7 %

Shares of NYSE:RCL opened at $97.18 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $36.92 and a 12 month high of $112.95. The company’s 50-day moving average price is $101.82 and its two-hundred day moving average price is $84.02. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 5.28. The firm has a market cap of $24.89 billion, a P/E ratio of -303.68 and a beta of 2.47.

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

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 18,908 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $106.74, for a total value of $2,018,239.92. Following the sale, the chief accounting officer now directly owns 23,521 shares in the company, valued at approximately $2,510,631.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Michael W. Bayley sold 10,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $97.43, for a total value of $974,300.00. Following the sale, the chief executive officer now directly owns 112,191 shares in the company, valued at $10,930,769.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Henry L. Pujol sold 18,908 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $106.74, for a total transaction of $2,018,239.92. Following the completion of the sale, the chief accounting officer now owns 23,521 shares in the company, valued at $2,510,631.54. The disclosure for this sale can be found here. Insiders have sold 34,857 shares of company stock worth $3,650,618 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of Royal Caribbean Cruises from $82.00 to $95.00 in a research note on Monday, June 12th. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $100.00 to $120.00 in a research report on Friday, June 23rd. Susquehanna increased their target price on shares of Royal Caribbean Cruises from $85.00 to $127.00 and gave the stock a “positive” rating in a research report on Friday, July 28th. StockNews.com initiated coverage on shares of Royal Caribbean Cruises in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $70.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.92.

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.