QRG Capital Management Inc. Has $73.53 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

QRG Capital Management Inc. raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 168.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,803 shares of the company’s stock after purchasing an additional 147,292 shares during the period. Royal Caribbean Cruises makes up approximately 0.6% of QRG Capital Management Inc.’s investment portfolio, making the stock its 20th biggest position. QRG Capital Management Inc. owned 0.09% of Royal Caribbean Cruises worth $73,526,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the first quarter worth $25,000. Hughes Financial Services LLC bought a new stake in shares of Royal Caribbean Cruises during the first quarter worth $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth $27,000. Optimum Investment Advisors bought a new stake in shares of Royal Caribbean Cruises during the first quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth $31,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RCL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Saturday, September 27th. Truist Financial decreased their target price on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research note on Friday, September 19th. Barclays boosted their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Sanford C. Bernstein boosted their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Finally, TD Cowen started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a “buy” rating and a $405.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $314.39 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The stock has a market cap of $85.40 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 0.90 and a beta of 2.08. The company’s fifty day moving average is $331.57 and its 200 day moving average is $281.60.

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

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be issued a $1.00 dividend. The ex-dividend date is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 29.99%.

Insider Activity at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 10,300 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock worth $10,091,282 over the last quarter. Company insiders own 6.95% of the company’s stock.

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.