Mizuho Securities USA LLC Raises Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mizuho Securities USA LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 372.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,259 shares of the company’s stock after purchasing an additional 68,008 shares during the quarter. Mizuho Securities USA LLC’s holdings in Royal Caribbean Cruises were worth $15,299,000 at the end of the most recent quarter.

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

Insider Activity

In related news, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The trade was a 10.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,796 shares of company stock worth $7,170,759 in the last three months. Company insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RCL shares. Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Mizuho increased their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $231.49 on Friday. 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 50-day simple moving average of $193.66 and a two-hundred day simple moving average of $168.11. The firm has a market capitalization of $62.24 billion, a PE ratio of 23.79, a P/E/G ratio of 0.61 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 52-week low of $101.04 and a 52-week high of $238.10.

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

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.