Newbrook Capital Advisors LP Increases Stake in Royal Caribbean Cruises Ltd. $RCL

Newbrook Capital Advisors LP boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.2% in the first quarter, HoldingsChannel.com reports. The firm owned 146,982 shares of the company’s stock after acquiring an additional 257 shares during the period. Royal Caribbean Cruises accounts for approximately 4.8% of Newbrook Capital Advisors LP’s investment portfolio, making the stock its 8th biggest holding. Newbrook Capital Advisors LP’s holdings in Royal Caribbean Cruises were worth $30,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at about $25,000. Hughes Financial Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $26,000. Fourth Dimension Wealth LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $35,000. Optimum Investment Advisors acquired a new position in Royal Caribbean Cruises during the 1st quarter valued at approximately $31,000. Finally, Capital A Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter valued at approximately $40,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RCL shares. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Truist Financial set a $337.00 price objective on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Bank of America upped their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Macquarie lowered their target price on Royal Caribbean Cruises from $300.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $327.14.

Royal Caribbean Cruises Stock Performance

RCL opened at $363.07 on Monday. The business has a 50 day moving average price of $328.20 and a two-hundred day moving average price of $264.18. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The company has a market capitalization of $98.62 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.02 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 1-year low of $154.08 and a 1-year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the business earned $3.21 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director owned 16,407 shares of the company’s stock, valued at $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock valued at $10,091,282 in the last quarter. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Company 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.