Mason Street Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, Holdings Channel reports. The institutional investor purchased 22,614 shares of the company’s stock, valued at approximately $1,519,000.

Several other institutional investors have also recently made changes to their positions in RCL. MU Investments Co. Ltd. purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $109,000. IFP Advisors Inc increased its position in shares of Royal Caribbean Cruises by 33.3% in the first quarter. IFP Advisors Inc now owns 1,416 shares of the company’s stock valued at $116,000 after buying an additional 354 shares during the period. Pinkerton Retirement Specialists LLC purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $142,000. Mizuho Asset Management Co. Ltd. increased its position in shares of Royal Caribbean Cruises by 86.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,321 shares of the company’s stock valued at $156,000 after buying an additional 1,075 shares during the period. Finally, Invictus RG purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at about $164,000. 75.28% of the stock is owned by institutional investors.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 66.32 on Monday. The company has a market cap of $14.28 billion, a PE ratio of 18.93 and a beta of 1.73. Royal Caribbean Cruises Ltd. has a 52 week low of $64.21 and a 52 week high of $103.40. The company has a 50 day moving average price of $70.45 and a 200 day moving average price of $74.02.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Royal Caribbean Cruises had a return on equity of 14.76% and a net margin of 9.05%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post $6.08 earnings per share for the current year.

RCL has been the subject of several research analyst reports. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Wednesday, June 29th. Nomura reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a report on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Royal Caribbean Cruises in a report on Wednesday, August 3rd. Stifel Nicolaus reduced their price objective on shares of Royal Caribbean Cruises from $94.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Finally, Tigress Financial raised shares of Royal Caribbean Cruises to a “buy” rating in a report on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. Royal Caribbean Cruises has an average rating of “Buy” and a consensus target price of $94.13.

In other news, Director Vagn O. Sorensen purchased 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were acquired at an average price of $70.50 per share, for a total transaction of $77,550.00. Following the completion of the acquisition, the director now directly owns 18,871 shares in the company, valued at $1,330,405.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fain purchased 29,190 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average price of $68.52 per share, for a total transaction of $2,000,098.80. Following the acquisition, the chief executive officer now owns 1,068,881 shares of the company’s stock, valued at $73,239,726.12. The disclosure for this purchase can be found here. 16.80% of the stock is owned by corporate insiders.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

5 Day Chart for NYSE:RCL

Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd. (NYSE:RCL).

Receive News & Ratings for Royal Caribbean Cruises Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.