Centaurus Financial Inc. Sells 653 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Centaurus Financial Inc. cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,033 shares of the company’s stock after selling 653 shares during the period. Centaurus Financial Inc.’s holdings in Royal Caribbean Cruises were worth $1,425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after purchasing an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. lifted its position in Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock worth $241,075,000 after buying an additional 777,103 shares in the last quarter. Swiss National Bank grew its holdings in Royal Caribbean Cruises by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after acquiring an additional 3,800 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Royal Caribbean Cruises by 0.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock valued at $90,969,000 after acquiring an additional 1,865 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Royal Caribbean Cruises by 4.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company’s stock worth $79,415,000 after acquiring an additional 21,326 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RCL has been the topic of several research analyst reports. UBS Group increased their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Susquehanna increased their price objective on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, July 30th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Wells Fargo & Company raised their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, StockNews.com cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, November 18th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $220.00.

Royal Caribbean Cruises Stock Up 1.7 %

Shares of NYSE RCL opened at $241.49 on Monday. The firm has a 50 day moving average price of $201.02 and a 200 day moving average price of $171.70. 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 stock has a market cap of $64.93 billion, a P/E ratio of 24.82, a P/E/G ratio of 0.64 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 52-week low of $103.61 and a 52-week high of $242.20.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.85 EPS. Analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now directly owns 18,167,507 shares in the company, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard D. Fain sold 25,000 shares of the company’s 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 transaction, the director now directly owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 407,405 shares of company stock valued at $94,817,966 over the last 90 days. 7.95% of the stock is owned by company 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.