Intech Investment Management LLC Sells 22,205 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Intech Investment Management LLC decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 42.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 30,570 shares of the company’s stock after selling 22,205 shares during the period. Intech Investment Management LLC’s holdings in Royal Caribbean Cruises were worth $5,422,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of RCL. Advisors Asset Management Inc. boosted its holdings in Royal Caribbean Cruises by 4.2% during the first quarter. Advisors Asset Management Inc. now owns 13,355 shares of the company’s stock worth $1,856,000 after purchasing an additional 536 shares during the last quarter. BOKF NA increased its position in shares of Royal Caribbean Cruises by 1.6% in the first quarter. BOKF NA now owns 8,802 shares of the company’s stock valued at $1,237,000 after acquiring an additional 135 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in Royal Caribbean Cruises during the first quarter worth about $1,733,000. Earnest Partners LLC increased its position in shares of Royal Caribbean Cruises by 8.9% during the 1st quarter. Earnest Partners LLC now owns 214,825 shares of the company’s stock worth $29,863,000 after purchasing an additional 17,543 shares during the last quarter. Finally, Bayesian Capital Management LP increased its holdings in Royal Caribbean Cruises by 1,430.0% during the first quarter. Bayesian Capital Management LP now owns 30,600 shares of the company’s stock worth $4,254,000 after buying an additional 28,600 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RCL shares. Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Tigress Financial upped their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Bank of America lifted their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. UBS Group increased their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup lifted their target price on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 204,521 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 407,405 shares of company stock worth $94,817,966. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Trading Up 1.7 %

NYSE RCL opened at $241.49 on Friday. The company has a market cap of $64.93 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 0.62 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a twelve month low of $103.61 and a twelve month high of $242.20. 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 business’s fifty day moving average is $201.02 and its 200 day moving average is $171.29.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating 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 firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the firm posted $3.85 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal 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.