Xponance Inc. Purchases 6,882 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Posted by Defense World Staff on Sep 25th, 2023

Xponance Inc. grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 23.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,768 shares of the company’s stock after acquiring an additional 6,882 shares during the quarter. Xponance Inc.’s holdings in Royal Caribbean Cruises were worth $3,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RCL. Capital World Investors increased its stake in Royal Caribbean Cruises by 1,314.9% in the 1st quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock worth $231,152,000 after acquiring an additional 2,564,035 shares during the last quarter. Norges Bank bought a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at approximately $100,326,000. Renaissance Technologies LLC increased its position in shares of Royal Caribbean Cruises by 2,470.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,280,200 shares of the company’s stock valued at $63,280,000 after purchasing an additional 1,230,400 shares during the last quarter. Interval Partners LP bought a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $32,740,000. Finally, Ariel Investments LLC increased its position in shares of Royal Caribbean Cruises by 56.0% during the 1st quarter. Ariel Investments LLC now owns 1,022,510 shares of the company’s stock valued at $85,666,000 after purchasing an additional 367,253 shares during the last quarter. Institutional investors own 75.64% of the company’s stock.

Insider Buying and Selling

In related news, Director Maritza Gomez Montiel acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $103.70 per share, for a total transaction of $103,700.00. Following the purchase, the director now directly owns 13,592 shares of the company’s stock, valued at approximately $1,409,490.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Maritza Gomez Montiel acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $103.70 per share, for a total transaction of $103,700.00. Following the purchase, the director now directly owns 13,592 shares of the company’s stock, valued at approximately $1,409,490.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 18,908 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $106.74, for a total value of $2,018,239.92. Following the transaction, the chief accounting officer now directly owns 23,521 shares in the company, valued at $2,510,631.54. The disclosure for this sale can be found here. Insiders sold 44,857 shares of company stock worth $4,650,818 in the last three months. 8.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RCL shares. StockNews.com started coverage on Royal Caribbean Cruises in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Stifel Nicolaus cut their target price on Royal Caribbean Cruises from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, September 15th. Bank of America boosted their target price on Royal Caribbean Cruises from $82.00 to $95.00 in a research report on Monday, June 12th. Tigress Financial boosted their target price on Royal Caribbean Cruises from $102.00 to $139.00 in a research report on Tuesday, August 15th. Finally, Barclays boosted their price objective on Royal Caribbean Cruises from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

View Our Latest Stock Analysis on RCL

Royal Caribbean Cruises Stock Down 3.3 %

Shares of RCL stock opened at $91.24 on Monday. Royal Caribbean Cruises Ltd. has a twelve month low of $36.92 and a twelve month high of $112.95. The stock has a fifty day simple moving average of $100.75 and a two-hundred day simple moving average of $86.00. The company has a current ratio of 0.20, a quick ratio of 0.18 and a debt-to-equity ratio of 5.28.

Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last issued its earnings results on Thursday, July 27th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.24. Royal Caribbean Cruises had a positive return on equity of 6.76% and a negative net margin of 0.47%. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the prior year, the business earned ($2.08) EPS. The business’s revenue for the quarter was up 61.3% compared to the same quarter last year. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 6.14 EPS for the current year.

Royal Caribbean Cruises Company Profile

(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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.