BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 40.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,650 shares of the company’s stock after selling 10,157 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Royal Caribbean Cruises were worth $2,336,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RCL. Scarborough Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter worth about $26,000. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $30,000. Versant Capital Management Inc lifted its position in Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,457 shares of company stock worth $4,452,898. Company insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of several recent analyst reports. StockNews.com cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Argus upped their price objective on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company raised their target price on Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Susquehanna boosted their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. Finally, UBS Group increased their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One investment 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. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $182.13.

Royal Caribbean Cruises Stock Down 1.3 %

NYSE:RCL opened at $164.62 on Monday. The firm has a 50-day simple moving average of $159.04 and a two-hundred day simple moving average of $144.97. The firm has a market cap of $42.36 billion, a P/E ratio of 21.21, a P/E/G ratio of 0.47 and a beta of 2.62. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $173.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19.

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

Royal Caribbean Cruises Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a $0.40 dividend. The ex-dividend date is Friday, September 20th.

Royal Caribbean Cruises Profile

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.