Cibc World Market Inc. Takes $3.45 Million Position in Royal Caribbean Cruises Ltd. $RCL

Cibc World Market Inc. purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 10,863 shares of the company’s stock, valued at approximately $3,449,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RCL. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Royal Caribbean Cruises by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,485 shares of the company’s stock valued at $693,000 after buying an additional 30 shares during the last quarter. AlphaStar Capital Management LLC grew its holdings in Royal Caribbean Cruises by 4.1% during the 4th quarter. AlphaStar Capital Management LLC now owns 779 shares of the company’s stock worth $217,000 after acquiring an additional 31 shares during the last quarter. Kestra Investment Management LLC increased its position in Royal Caribbean Cruises by 2.6% in the 4th quarter. Kestra Investment Management LLC now owns 1,208 shares of the company’s stock valued at $337,000 after acquiring an additional 31 shares during the period. Waterloo Capital L.P. increased its position in Royal Caribbean Cruises by 2.9% in the 4th quarter. Waterloo Capital L.P. now owns 1,191 shares of the company’s stock valued at $332,000 after acquiring an additional 34 shares during the period. Finally, REAP Financial Group LLC increased its position in Royal Caribbean Cruises by 16.8% in the 4th quarter. REAP Financial Group LLC now owns 243 shares of the company’s stock valued at $68,000 after acquiring an additional 35 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of recent research reports. Barclays cut their price target on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Wells Fargo & Company raised their target price on Royal Caribbean Cruises from $361.00 to $388.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley lifted their target price on Royal Caribbean Cruises from $280.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. TD Cowen reduced their price target on Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Finally, Loop Capital started coverage on Royal Caribbean Cruises in a research note on Monday, June 1st. They issued a “hold” rating and a $304.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus price target of $353.40.

Royal Caribbean Cruises Stock Down 0.6%

Shares of NYSE RCL opened at $290.55 on Thursday. The company’s 50 day moving average price is $303.39 and its 200-day moving average price is $290.70. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.19 and a current ratio of 0.21. Royal Caribbean Cruises Ltd. has a 52-week low of $232.10 and a 52-week high of $366.50. The company has a market capitalization of $77.71 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the company posted $4.38 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 6.5% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 12,811 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total transaction of $4,048,147.89. Following the sale, the chief executive officer owned 45,297 shares of the company’s stock, valued at approximately $14,313,399.03. This represents a 22.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.44% of the company’s stock.

About Royal Caribbean Cruises

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.