Kornitzer Capital Management Inc. KS Sells 28,500 Shares of Royal Caribbean Cruises Ltd. $RCL

Kornitzer Capital Management Inc. KS decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 62.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,126 shares of the company’s stock after selling 28,500 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Royal Caribbean Cruises were worth $4,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Montag A & Associates Inc. raised its holdings in Royal Caribbean Cruises by 184.4% in the 4th quarter. Montag A & Associates Inc. now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Ares Financial Consulting LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter valued at about $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in Royal Caribbean Cruises during the fourth quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $27,000. Finally, Quattro Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $27,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research report on Thursday, June 18th. Freedom Capital raised Royal Caribbean Cruises to a “strong-buy” rating in a report on Wednesday, June 3rd. Citigroup lifted their price target on Royal Caribbean Cruises from $348.00 to $362.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. TD Cowen cut their price target on Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, UBS Group reduced their price objective on Royal Caribbean Cruises from $321.00 to $309.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $346.80.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded down $2.67 on Friday, hitting $285.42. 1,149,852 shares of the company were exchanged, compared to its average volume of 2,373,368. The company’s 50 day moving average price is $285.41 and its two-hundred day moving average price is $289.06. Royal Caribbean Cruises Ltd. has a one year low of $232.10 and a one year high of $366.50. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.17 and a current ratio of 0.20. The firm has a market capitalization of $76.55 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.00 and a beta of 1.76.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 30th. The company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.40. Royal Caribbean Cruises had a net margin of 24.36% and a return on equity of 45.25%. The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter last year, the company earned $2.71 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. Royal Caribbean Cruises has set its Q2 2026 guidance at 3.830-3.930 EPS and its FY 2026 guidance at 17.100-17.500 EPS. Research analysts expect that Royal Caribbean Cruises Ltd. will post 17.3 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 3rd were issued a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $6.00 annualized dividend and a yield of 2.1%. Royal Caribbean Cruises’s dividend payout ratio is 36.61%.

Royal Caribbean Cruises Profile

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.