Eagle Asset Management Inc. Decreases Position in Royal Caribbean Cruises Ltd (NYSE:RCL)

Eagle Asset Management Inc. decreased its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 608,663 shares of the company’s stock after selling 4,974 shares during the period. Eagle Asset Management Inc. owned about 0.28% of Royal Caribbean Cruises worth $72,503,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in shares of Royal Caribbean Cruises by 105.3% in the third quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after purchasing an additional 1,732,995 shares in the last quarter. American Century Companies Inc. raised its position in shares of Royal Caribbean Cruises by 158.3% in the third quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after buying an additional 841,498 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after buying an additional 673,608 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Royal Caribbean Cruises by 1,754.5% in the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock valued at $74,756,000 after buying an additional 647,483 shares during the last quarter. Finally, Capital Growth Management LP acquired a new position in shares of Royal Caribbean Cruises in the second quarter valued at approximately $61,933,000. 73.28% of the stock is currently owned by hedge funds and other institutional investors.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,514,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 60,000 shares of company stock worth $7,415,000. 15.30% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Ltd (NYSE:RCL) traded down $2.26 during mid-day trading on Wednesday, hitting $122.82. 1,267,900 shares of the company were exchanged, compared to its average volume of 1,559,653. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. Royal Caribbean Cruises Ltd has a 1-year low of $80.60 and a 1-year high of $133.75. The firm has a market cap of $26,778.24, a PE ratio of 16.86, a PEG ratio of 0.75 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $3.20 EPS. analysts expect that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.95%. Royal Caribbean Cruises’s payout ratio is 32.43%.

A number of research firms have recently weighed in on RCL. UBS reissued a “buy” rating and issued a $131.00 price objective (up previously from $112.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Macquarie lowered shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a research report on Thursday, November 30th. Wedbush reissued an “outperform” rating and issued a $129.00 price objective (up previously from $125.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Finally, BidaskClub raised shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $126.02.

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Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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