8,600 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by HighVista Strategies LLC

HighVista Strategies LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,600 shares of the company’s stock, valued at approximately $1,525,000.

A number of other large investors also recently modified their holdings of RCL. Atria Investments Inc purchased a new position in Royal Caribbean Cruises in the first quarter valued at $1,190,000. Cetera Investment Advisers boosted its position in shares of Royal Caribbean Cruises by 162.4% during the 1st quarter. Cetera Investment Advisers now owns 48,241 shares of the company’s stock worth $6,706,000 after acquiring an additional 29,854 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 51.6% in the 1st quarter. Cetera Advisors LLC now owns 11,629 shares of the company’s stock valued at $1,617,000 after acquiring an additional 3,958 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Royal Caribbean Cruises by 67.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,158 shares of the company’s stock worth $162,000 after acquiring an additional 465 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Royal Caribbean Cruises by 11.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the company’s stock worth $183,000 after purchasing an additional 120 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $246.41 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The company has a 50-day moving average price of $208.22 and a 200 day moving average price of $175.28. Royal Caribbean Cruises Ltd. has a 52 week low of $110.66 and a 52 week high of $249.52. The company has a market cap of $66.25 billion, a P/E ratio of 25.32, a PEG ratio of 0.64 and a beta of 2.60.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Macquarie increased their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Bank of America increased their target price on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Truist Financial upped their price objective on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday. Finally, Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price on the stock. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.63.

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.