Vaughan Nelson Investment Management L.P. Decreases Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Vaughan Nelson Investment Management L.P. reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 497,490 shares of the company’s stock after selling 628 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.19% of Royal Caribbean Cruises worth $88,235,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Plato Investment Management Ltd acquired a new position in shares of Royal Caribbean Cruises during the third quarter valued at about $26,000. Unique Wealth Strategies LLC purchased a new position in shares of Royal Caribbean Cruises in the second quarter worth $27,000. Versant Capital Management Inc lifted its stake in shares of Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares during the period. DiNuzzo Private Wealth Inc. lifted its stake in shares of Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after buying an additional 121 shares during the period. Finally, AlphaMark Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 10.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,796 shares of company stock valued at $7,170,759 in the last 90 days. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $231.49 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a market cap of $62.24 billion, a P/E ratio of 23.79, a P/E/G ratio of 0.61 and a beta of 2.59. The firm’s 50 day moving average price is $193.66 and its 200-day moving average price is $168.11. Royal Caribbean Cruises Ltd. has a one year low of $101.04 and a one year high of $238.10.

Royal Caribbean Cruises (NYSE:RCL) last released 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. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the prior year, the firm earned $3.85 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group lifted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Macquarie increased their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Susquehanna increased their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.