D1 Capital Partners L.P. Purchases 777,103 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

D1 Capital Partners L.P. raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 105.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512,103 shares of the company’s stock after acquiring an additional 777,103 shares during the quarter. Royal Caribbean Cruises makes up approximately 4.1% of D1 Capital Partners L.P.’s portfolio, making the stock its 7th biggest position. D1 Capital Partners L.P. owned 0.59% of Royal Caribbean Cruises worth $241,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors grew its holdings in shares of Royal Caribbean Cruises by 1.0% in the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after purchasing an additional 286,868 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 0.5% in the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after acquiring an additional 132,079 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $326,616,000 after purchasing an additional 400,565 shares during the period. Eagle Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $79,392,000. Finally, Capital International Inc. CA grew its stake in Royal Caribbean Cruises by 3.3% during the 1st quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock worth $83,672,000 after purchasing an additional 19,065 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 1.5 %

Shares of NYSE:RCL opened at $174.05 on Monday. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $174.48. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The stock has a market cap of $44.79 billion, a P/E ratio of 22.43, a P/E/G ratio of 0.49 and a beta of 2.61. The firm has a fifty day moving average price of $160.46 and a 200 day moving average price of $149.54.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.45. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th.

Insider Activity at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the 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 completion of the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the sale, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The disclosure for this sale can be found here. 7.95% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Susquehanna raised their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. StockNews.com cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Monday, September 16th. Truist Financial increased their target price on Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Barclays lifted their price target on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $182.31.

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.