Healthcare of Ontario Pension Plan Trust Fund Makes New $14.54 Million Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 82,000 shares of the company’s stock, valued at approximately $14,544,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RCL. D1 Capital Partners L.P. lifted its holdings in shares of Royal Caribbean Cruises by 105.7% during the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after purchasing an additional 777,103 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after purchasing an additional 400,565 shares in the last quarter. Forest Avenue Capital Management LP bought a new position in shares of Royal Caribbean Cruises during the second quarter valued at $35,038,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Royal Caribbean Cruises by 809.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company’s stock valued at $27,601,000 after acquiring an additional 154,090 shares during the period. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Performance

RCL opened at $241.62 on Friday. The firm has a market capitalization of $64.97 billion, a PE ratio of 24.83, a PEG ratio of 0.64 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a twelve month low of $105.36 and a twelve month high of $245.91. The firm’s 50-day moving average price is $206.82 and its 200 day moving average price is $174.08. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.85 EPS. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on RCL. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. Citigroup increased their target price on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Tigress Financial increased their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Bank of America increased their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $224.38.

Insider Buying and Selling

In other news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the sale, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock valued at $94,299,521 in the last ninety days. Company insiders own 7.95% of the company’s stock.

About Royal Caribbean Cruises

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.