Calamos Wealth Management LLC Reduces Holdings in Royal Caribbean Cruises Ltd. $RCL

Calamos Wealth Management LLC reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 73.6% during the third quarter, HoldingsChannel reports. The firm owned 45,211 shares of the company’s stock after selling 126,302 shares during the quarter. Calamos Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $14,629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RCL. Ascent Group LLC increased its stake in Royal Caribbean Cruises by 43.7% during the 3rd quarter. Ascent Group LLC now owns 2,929 shares of the company’s stock worth $948,000 after buying an additional 891 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Royal Caribbean Cruises during the third quarter valued at about $212,000. Diversified Trust Co increased its position in shares of Royal Caribbean Cruises by 13.5% during the third quarter. Diversified Trust Co now owns 881 shares of the company’s stock worth $285,000 after acquiring an additional 105 shares during the last quarter. LVW Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 41.3% in the third quarter. LVW Advisors LLC now owns 1,342 shares of the company’s stock worth $434,000 after acquiring an additional 392 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $211,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Down 0.4%

NYSE:RCL opened at $281.65 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 1.67. The stock has a 50 day moving average of $274.20 and a 200-day moving average of $306.60. The firm has a market capitalization of $76.81 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.91. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. Analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, December 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.4%. Royal Caribbean Cruises’s dividend payout ratio is currently 26.90%.

Royal Caribbean Cruises announced that its board has authorized a share buyback plan on Wednesday, December 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have commented on RCL. Susquehanna set a $350.00 price objective on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research note on Thursday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Mizuho decreased their price target on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Jefferies Financial Group lowered their price objective on Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating for the company in a report on Monday, December 15th. Finally, Royal Bank Of Canada set a $360.00 price target on Royal Caribbean Cruises in a research report on Friday, October 31st. One research 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 stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $324.82.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the sale, the director directly owned 14,234 shares in the company, valued at $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.95% of the stock is currently owned by company insiders.

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.