Meeder Asset Management Inc. Cuts Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Meeder Asset Management Inc. lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 31.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160 shares of the company’s stock after selling 73 shares during the period. Meeder Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $28,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RCL. Dimensional Fund Advisors LP raised its stake in Royal Caribbean Cruises by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after buying an additional 400,565 shares in the last quarter. D1 Capital Partners L.P. raised its position in Royal Caribbean Cruises by 105.7% during the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after acquiring an additional 777,103 shares in the last quarter. Swiss National Bank boosted its holdings in Royal Caribbean Cruises by 0.5% during the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after buying an additional 3,800 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Royal Caribbean Cruises by 0.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock worth $90,969,000 after acquiring an additional 1,865 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Royal Caribbean Cruises by 4.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company’s stock valued at $79,415,000 after buying an additional 21,326 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insiders Place Their Bets

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the sale, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was 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. This trade represents a 10.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 407,405 shares of company stock valued at $94,817,966. Company insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Susquehanna upped their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Mizuho upped their price objective 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. Barclays raised their target price on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Royal Caribbean Cruises Trading Up 1.0 %

NYSE:RCL opened at $238.20 on Friday. The company has a market capitalization of $64.05 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 0.62 and a beta of 2.59. The stock has a fifty day simple moving average of $199.55 and a 200-day simple moving average of $170.60. Royal Caribbean Cruises Ltd. has a 52-week low of $103.61 and a 52-week high of $239.39. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion for 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 company earned $3.85 EPS. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal 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.