Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 21.1% in the second quarter, HoldingsChannel reports. The firm owned 6,891 shares of the company’s stock after selling 1,846 shares during the quarter. Mount Lucas Management LP’s holdings in Royal Caribbean Cruises were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. boosted its position in Royal Caribbean Cruises by 38.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 293 shares of the company’s stock valued at $47,000 after purchasing an additional 82 shares during the period. Kowal Investment Group LLC raised its stake in Royal Caribbean Cruises by 4.0% during the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock valued at $318,000 after acquiring an additional 87 shares in the last quarter. Pitcairn Co. raised its stake in Royal Caribbean Cruises by 3.8% during the 1st quarter. Pitcairn Co. now owns 2,376 shares of the company’s stock valued at $330,000 after acquiring an additional 88 shares in the last quarter. UMB Bank n.a. raised its stake in Royal Caribbean Cruises by 5.7% during the 2nd quarter. UMB Bank n.a. now owns 1,683 shares of the company’s stock valued at $268,000 after acquiring an additional 91 shares in the last quarter. Finally, Midwest Financial Group LLC raised its stake in Royal Caribbean Cruises by 5.6% during the 2nd quarter. Midwest Financial Group LLC now owns 1,875 shares of the company’s stock valued at $299,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.9 %

Shares of Royal Caribbean Cruises stock traded down $1.47 on Friday, reaching $156.55. 1,747,229 shares of the company were exchanged, compared to its average volume of 2,525,271. The stock has a fifty day moving average price of $159.07 and a 200-day moving average price of $146.28. The firm has a market capitalization of $40.29 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 0.47 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $173.37.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is 20.62%.

Analysts Set New Price Targets

RCL has been the topic of several recent analyst reports. Argus lifted their target price on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Friday. Macquarie lifted their target price on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Tigress Financial lifted their target price on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Royal Caribbean Cruises from $175.00 to $210.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.13.

Insider Buying and Selling

In other news, insider Laura H. Bethge sold 3,073 shares of the company’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 in the company, valued at approximately $4,620,629.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were 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 directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard D. Fain sold 19,584 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the sale, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,457 shares of company stock valued at $4,452,898. Corporate insiders own 7.95% of the company’s stock.

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.