Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC reduced its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 15.9% in the third quarter, HoldingsChannel.com reports. The fund owned 15,357 shares of the company’s stock after selling 2,894 shares during the quarter. Mizuho Securities USA LLC’s holdings in Royal Caribbean Cruises were worth $2,724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in RCL. FSM Wealth Advisors LLC boosted its position in Royal Caribbean Cruises by 3.2% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after purchasing an additional 51 shares during the period. Venturi Wealth Management LLC lifted its stake in Royal Caribbean Cruises by 20.9% in the third quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock valued at $63,000 after buying an additional 61 shares during the last quarter. Venture Visionary Partners LLC boosted its holdings in shares of Royal Caribbean Cruises by 4.8% during the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock valued at $242,000 after acquiring an additional 62 shares during the period. Empower Advisory Group LLC grew its position in shares of Royal Caribbean Cruises by 3.7% during the third quarter. Empower Advisory Group LLC now owns 1,755 shares of the company’s stock worth $311,000 after acquiring an additional 63 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. increased its holdings in shares of Royal Caribbean Cruises by 3.3% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company’s stock worth $390,000 after acquiring an additional 70 shares during the period. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $241.49 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The company has a 50-day moving average of $201.02 and a 200-day moving average of $171.29. Royal Caribbean Cruises Ltd. has a twelve month low of $103.61 and a twelve month high of $242.20. The firm has a market cap of $64.93 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 0.63 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The firm 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 revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $3.85 earnings per share. Analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 10.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 407,405 shares of company stock worth $94,817,966 in the last three months. 7.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

RCL has been the subject of a number of analyst reports. Mizuho boosted their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. StockNews.com lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Morgan Stanley raised their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. 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 report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Royal Caribbean Cruises Company 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.