Polymer Capital Management HK LTD Sells 3,000 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Polymer Capital Management HK LTD decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 16.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,000 shares of the company’s stock after selling 3,000 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Royal Caribbean Cruises were worth $2,660,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Plato Investment Management Ltd bought a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth $26,000. DiNuzzo Private Wealth Inc. lifted its position 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 valued at $30,000 after buying an additional 121 shares during the last quarter. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $27,000. AlphaMark Advisors LLC grew its position in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Royal Caribbean Cruises by 50.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.2 %

Shares of NYSE:RCL opened at $245.89 on Wednesday. The company has a market capitalization of $66.11 billion, a PE ratio of 25.27, a PEG ratio of 0.65 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 12-month low of $110.66 and a 12-month high of $249.52. The business has a 50 day moving average of $210.95 and a two-hundred day moving average of $176.74. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on RCL shares. Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Citigroup boosted their target price on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Barclays boosted their price target on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Truist Financial increased 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 report on Monday. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.63.

Insider Buying and Selling

In other news, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises 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 of the company’s stock, valued at $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction on 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 represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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 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.