Nissay Asset Management Corp Japan ADV Sells 110,475 Shares of Royal Caribbean Cruises Ltd. $RCL

by · The Cerbat Gem

Nissay Asset Management Corp Japan ADV lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 37.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,998 shares of the company’s stock after selling 110,475 shares during the quarter. Nissay Asset Management Corp Japan ADV owned approximately 0.07% of Royal Caribbean Cruises worth $38,417,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RCL. NewEdge Advisors LLC boosted its stake in Royal Caribbean Cruises by 17.4% during the first quarter. NewEdge Advisors LLC now owns 8,125 shares of the company’s stock worth $1,669,000 after buying an additional 1,203 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Royal Caribbean Cruises by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,410 shares of the company’s stock worth $5,631,000 after buying an additional 1,660 shares in the last quarter. Interval Partners LP acquired a new stake in Royal Caribbean Cruises during the first quarter worth $6,967,000. Ionic Capital Management LLC acquired a new stake in Royal Caribbean Cruises during the first quarter worth $213,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Royal Caribbean Cruises during the first quarter worth $4,437,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $360.49 on Friday. The stock has a 50-day simple moving average of $334.16 and a 200 day simple moving average of $266.79. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a 12-month low of $154.08 and a 12-month high of $366.50. The stock has a market capitalization of $97.92 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 1.00 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the business posted $3.21 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the transaction, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RCL. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, June 28th. Macquarie reduced their target price on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Bank of America boosted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Finally, UBS Group boosted their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $327.14.

Get Our Latest Stock Report on RCL

About Royal Caribbean Cruises

(Free Report)

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.

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