Royal Caribbean Cruises Ltd. (NYSE:RCL) is D1 Capital Partners L.P.’s 4th Largest Position

D1 Capital Partners L.P. boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,570,262 shares of the company’s stock after purchasing an additional 58,159 shares during the period. Royal Caribbean Cruises makes up 5.4% of D1 Capital Partners L.P.’s portfolio, making the stock its 4th largest position. D1 Capital Partners L.P. owned 0.58% of Royal Caribbean Cruises worth $278,502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. increased its stake in shares of Royal Caribbean Cruises by 15.6% in the third quarter. Hantz Financial Services Inc. now owns 854 shares of the company’s stock worth $151,000 after buying an additional 115 shares during the period. Northwest & Ethical Investments L.P. boosted its holdings in shares of Royal Caribbean Cruises by 2.1% during the third quarter. Northwest & Ethical Investments L.P. now owns 27,329 shares of the company’s stock worth $4,847,000 after purchasing an additional 563 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Royal Caribbean Cruises by 14.8% in the third quarter. Public Sector Pension Investment Board now owns 9,327 shares of the company’s stock worth $1,654,000 after purchasing an additional 1,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Royal Caribbean Cruises by 0.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,762 shares of the company’s stock valued at $18,049,000 after purchasing an additional 791 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in Royal Caribbean Cruises by 459.2% in the 3rd quarter. CreativeOne Wealth LLC now owns 7,812 shares of the company’s stock worth $1,386,000 after buying an additional 6,415 shares during the period. 87.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Citigroup lifted their price target on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday. They issued an “outperform” rating and a $290.00 price objective for the company. Barclays increased their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Macquarie lifted their price target on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their price objective on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $224.38.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the sale, the director now owns 204,521 shares of the company’s stock, valued at $42,953,500.42. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at $2,077,593.64. This represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 404,332 shares of company stock valued at $94,299,521. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 1.2 %

NYSE:RCL opened at $241.62 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $105.36 and a one year high of $245.91. The business has a fifty day moving average price of $206.82 and a 200-day moving average price of $174.08. The firm has a market capitalization of $64.97 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 0.64 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.85 earnings per share. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

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.