Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Vinva Investment Management Ltd (2024)

Vinva Investment Management Ltd reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 59.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,228 shares of the company's stock after selling 36,154 shares during the period. Vinva Investment Management Ltd's holdings in Royal Caribbean Cruises were worth $3,149,000 at the end of the most recent reporting period.

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Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter worth $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $33,000. Hanseatic Management Services Inc. acquired a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $36,000. West Branch Capital LLC raised its stake in shares of Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company's stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company's stock valued at $41,000 after purchasing an additional 246 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 9,944 shares of the business's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the sale, the chief accounting officer now owns 16,687 shares of the company's stock, valued at $2,356,705.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 49,155 shares of the company's stock in a transaction on Monday, May 20th. The shares were sold at an average price of $147.67, for a total value of $7,258,718.85. Following the transaction, the chief executive officer now directly owns 49,695 shares in the company, valued at $7,338,460.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Henry L. Pujol sold 9,944 shares of the company's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at $2,356,705.01. The disclosure for this sale can be found here. Insiders have sold a total of 133,300 shares of company stock valued at $19,037,832 over the last 90 days. 7.95% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several research analysts have commented on RCL shares. Argus upped their target price on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a "buy" rating in a research report on Wednesday, May 29th. Macquarie upped their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, March 15th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Mizuho increased their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a "buy" rating in a report on Friday, April 26th. Finally, Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an "overweight" rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and a consensus target price of $151.81.

View Our Latest Research Report on Royal Caribbean Cruises

Royal Caribbean Cruises Price Performance

RCL traded up $0.02 during midday trading on Friday, hitting $154.57. The company had a trading volume of 996,756 shares, compared to its average volume of 2,075,576. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The company has a market capitalization of $39.78 billion, a PE ratio of 19.92, a P/E/G ratio of 0.47 and a beta of 2.56. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $156.93. The firm's 50-day simple moving average is $140.80 and its 200-day simple moving average is $129.18.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.33 by $0.44. The company had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. Royal Caribbean Cruises's revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.23) EPS. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.08 EPS for the current fiscal year.

Royal Caribbean Cruises 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 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.

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