KBC Group NV Has $8.41 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

KBC Group NV lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 51.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,431 shares of the company’s stock after selling 50,715 shares during the quarter. KBC Group NV’s holdings in Royal Caribbean Cruises were worth $8,413,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RCL. Plato Investment Management Ltd bought a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $26,000. DiNuzzo Private Wealth Inc. lifted its holdings in Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the period. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises in the second quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings in Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares during the period. Finally, AlphaMark Advisors LLC raised its position in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.7 %

NYSE:RCL opened at $231.49 on Friday. The company has a market cap of $62.24 billion, a P/E ratio of 23.79, 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 $101.04 and a twelve month high of $238.10. The business has a 50 day moving average price of $193.66 and a two-hundred day moving average price of $167.91. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the prior year, the company posted $3.85 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RCL shares. Bank of America raised their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Citigroup boosted their price objective 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. Finally, Macquarie increased their target price 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. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Insider Activity

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

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.