Royal Caribbean Cruises Ltd. $RCL Stock Position Lowered by HighVista Strategies LLC

HighVista Strategies LLC lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 47.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,600 shares of the company’s stock after selling 4,200 shares during the quarter. HighVista Strategies LLC’s holdings in Royal Caribbean Cruises were worth $1,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares during the last quarter. Townsquare Capital LLC boosted its position in Royal Caribbean Cruises by 49.5% during the 1st quarter. Townsquare Capital LLC now owns 5,898 shares of the company’s stock worth $1,212,000 after acquiring an additional 1,953 shares during the period. SouthState Corp acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $39,000. Public Sector Pension Investment Board grew its stake in Royal Caribbean Cruises by 4.4% in the first quarter. Public Sector Pension Investment Board now owns 32,616 shares of the company’s stock valued at $6,701,000 after purchasing an additional 1,371 shares in the last quarter. Finally, LGT Group Foundation bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $348,000. 87.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the transaction, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This represents a 7.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $260.33 on Thursday. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The firm has a 50 day moving average of $280.40 and a 200-day moving average of $303.82. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $70.99 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 0.75 and a beta of 1.91.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.Royal Caribbean Cruises’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.5%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RCL shares. JPMorgan Chase & Co. cut their target price on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. The Goldman Sachs Group dropped their price target on shares of Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group cut their target price on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Wall Street Zen downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $327.45.

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 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.