Korea Investment CORP Purchases New Holdings in Royal Caribbean Cruises Ltd. $RCL

Korea Investment CORP acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 205,072 shares of the company’s stock, valued at approximately $65,117,000. Korea Investment CORP owned about 0.08% of Royal Caribbean Cruises at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Montag A & Associates Inc. increased its stake in shares of Royal Caribbean Cruises by 184.4% in the 4th quarter. Montag A & Associates Inc. now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the period. Ares Financial Consulting LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at $26,000. IMG Wealth Management Inc. bought a new position in Royal Caribbean Cruises in the first quarter valued at about $27,000. Finally, Kemnay Advisory Services Inc. bought a new position in Royal Caribbean Cruises in the fourth quarter valued at about $27,000. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RCL shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Royal Caribbean Cruises in a report on Thursday, June 18th. Zacks Research raised shares of Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 18th. BMO Capital Markets initiated coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 7th. They set an “outperform” rating and a $370.00 price target for the company. Barclays dropped their price target on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Finally, Truist Financial cut their price objective on shares of Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating on the stock in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $353.40.

Insiders Place Their Bets

In related news, CEO Michael W. Bayley sold 12,811 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 45,297 shares in the company, valued at approximately $14,313,399.03. The trade was 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.

Royal Caribbean Cruises Trading Up 1.6%

NYSE RCL opened at $292.29 on Friday. The stock has a 50-day simple moving average of $304.42 and a 200 day simple moving average of $291.73. The company has a market capitalization of $78.17 billion, a PE ratio of 18.06, a P/E/G ratio of 0.98 and a beta of 1.77. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03. 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 issued its earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) 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 analysts’ expectations of $4.82 billion. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%.The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.38 earnings per share. 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. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current year.

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.