Handelsbanken Fonder AB Sells 65,696 Shares of Royal Caribbean Cruises Ltd. $RCL

Handelsbanken Fonder AB cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 23.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 215,189 shares of the company’s stock after selling 65,696 shares during the quarter. Handelsbanken Fonder AB’s holdings in Royal Caribbean Cruises were worth $68,329,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Fulton Bank N.A. lifted its stake in Royal Caribbean Cruises by 23.5% in the second quarter. Fulton Bank N.A. now owns 7,751 shares of the company’s stock worth $2,461,000 after purchasing an additional 1,473 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Royal Caribbean Cruises by 2.4% during the second quarter. Revolve Wealth Partners LLC now owns 2,513 shares of the company’s stock valued at $798,000 after buying an additional 60 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $128,000. Wealth Science Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 487.5% in the second quarter. Wealth Science Advisors LLC now owns 5,182 shares of the company’s stock worth $1,645,000 after buying an additional 4,300 shares during the period. Finally, Everpar Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 18.7% in the second quarter. Everpar Advisors LLC now owns 1,113 shares of the company’s stock worth $353,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $308.10 on Tuesday. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $82.40 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.09 and a beta of 1.77. The business has a fifty day simple moving average of $301.27 and a two-hundred day simple moving average of $291.54. Royal Caribbean Cruises Ltd. has a 12 month low of $232.10 and a 12 month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.23. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.82 billion. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.38 EPS. 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. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 17.79 earnings per share for the current fiscal 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 dated Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the sale, the chief executive officer owned 45,297 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial lowered their target price on Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating for the company in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research note on Thursday, June 18th. UBS Group reiterated a “buy” rating and issued a $367.00 price objective on shares of Royal Caribbean Cruises in a research report on Monday, August 3rd. Mizuho set a $380.00 price objective on Royal Caribbean Cruises in a research note on Friday, May 1st. Finally, Barclays cut their target price 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $353.40.

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.