13,412 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,412 shares of the company’s stock, valued at approximately $2,379,000.

A number of other institutional investors also recently modified their holdings of RCL. Dimensional Fund Advisors LP grew its stake in Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after buying an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. boosted its holdings in Royal Caribbean Cruises by 3.8% during the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock valued at $278,502,000 after acquiring an additional 58,159 shares during the period. Swiss National Bank grew its position in shares of Royal Caribbean Cruises by 0.5% in the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after purchasing an additional 3,800 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Royal Caribbean Cruises by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock worth $90,969,000 after purchasing an additional 1,865 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Royal Caribbean Cruises by 4.5% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company’s stock worth $79,415,000 after purchasing an additional 21,326 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays boosted their target price on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective on the stock. Finally, Citigroup increased their target price on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average target price of $233.63.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $247.13 on Tuesday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The business’s fifty day moving average price is $216.77 and its two-hundred day moving average price is $179.65. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $258.70. The stock has a market capitalization of $66.45 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 0.68 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share 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 for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the firm earned $3.85 EPS. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction 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 owns 22,348 shares in the company, valued at $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is currently owned by insiders.

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.