AMP Capital Investors Ltd Has $16.11 Million Holdings in Royal Caribbean Cruises Ltd (RCL)
AMP Capital Investors Ltd raised its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 55.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,871 shares of the company’s stock after acquiring an additional 48,330 shares during the period. AMP Capital Investors Ltd owned approximately 0.06% of Royal Caribbean Cruises worth $16,107,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of RCL. NGAM Advisors L.P. raised its stake in Royal Caribbean Cruises by 2.1% during the 2nd quarter. NGAM Advisors L.P. now owns 22,649 shares of the company’s stock valued at $2,474,000 after acquiring an additional 471 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Royal Caribbean Cruises by 26.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 5,420 shares of the company’s stock valued at $592,000 after acquiring an additional 1,117 shares during the last quarter. Sei Investments Co. raised its stake in Royal Caribbean Cruises by 0.5% during the 2nd quarter. Sei Investments Co. now owns 49,650 shares of the company’s stock valued at $5,423,000 after acquiring an additional 240 shares during the last quarter. Global X Management Co. LLC raised its stake in Royal Caribbean Cruises by 36.8% during the 2nd quarter. Global X Management Co. LLC now owns 4,022 shares of the company’s stock valued at $439,000 after acquiring an additional 1,081 shares during the last quarter. Finally, Cigna Investments Inc. New raised its stake in Royal Caribbean Cruises by 12.8% during the 2nd quarter. Cigna Investments Inc. New now owns 7,802 shares of the company’s stock valued at $855,000 after acquiring an additional 884 shares during the last quarter. 73.28% of the stock is owned by hedge funds and other institutional investors.
RCL has been the subject of several analyst reports. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Friday, September 22nd. Argus upped their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $134.00 price objective on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. Deutsche Bank upped their price objective on Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Finally, Macquarie downgraded Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $127.28.
Royal Caribbean Cruises Ltd (RCL) opened at $125.23 on Friday. 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 52-week low of $81.59 and a 52-week high of $133.75. The stock has a market capitalization of $26,810.37, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the firm posted $3.20 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. sell-side analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 32.43%.
In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $125.70, for a total value of $2,514,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 60,000 shares of company stock worth $7,415,000. Insiders own 15.30% of the company’s stock.
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Royal Caribbean Cruises 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).
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