Columbus Circle Investors Has $95.56 Million Stake in Royal Caribbean Cruises Ltd. (RCL)
Columbus Circle Investors decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 33.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 806,147 shares of the company’s stock after selling 408,196 shares during the period. Royal Caribbean Cruises makes up 1.6% of Columbus Circle Investors’ portfolio, making the stock its 9th largest position. Columbus Circle Investors owned approximately 0.37% of Royal Caribbean Cruises worth $95,561,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. TLP Group LLC bought a new stake in Royal Caribbean Cruises in the 2nd quarter valued at $105,000. Acrospire Investment Management LLC lifted its position in Royal Caribbean Cruises by 25.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after acquiring an additional 200 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Royal Caribbean Cruises in the 2nd quarter valued at $121,000. ClariVest Asset Management LLC bought a new stake in Royal Caribbean Cruises in the 3rd quarter valued at $142,000. Finally, Oppenheimer Asset Management Inc. lifted its position in Royal Caribbean Cruises by 9.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock valued at $146,000 after acquiring an additional 119 shares in the last quarter. 73.01% of the stock is owned by institutional investors.
Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) traded up $0.27 on Friday, reaching $122.79. 1,368,500 shares of the company were exchanged, compared to its average volume of 1,575,962. Royal Caribbean Cruises Ltd. has a twelve month low of $78.77 and a twelve month high of $133.75. The firm has a market cap of $26,410.00, a price-to-earnings ratio of 16.51, a P/E/G ratio of 0.74 and a beta of 1.07. 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 (NYSE:RCL) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, beating the Zacks’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business earned $3.20 EPS. Royal Caribbean Cruises’s quarterly revenue was up .2% on a year-over-year basis. analysts anticipate that Royal Caribbean Cruises Ltd. will post 7.39 earnings per share for the current year.
Several equities research analysts have commented on RCL shares. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Friday, September 1st. Deutsche Bank AG boosted their price target on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Stifel Nicolaus reissued a “buy” rating and set a $134.00 price target on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. BidaskClub raised shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Finally, The Goldman Sachs Group, Inc. cut shares of Royal Caribbean Cruises to a “sell” rating in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and an average target price of $126.33.
In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total transaction of $2,425,800.00. Following the completion of the sale, the chief executive officer now owns 927,741 shares of the company’s stock, valued at approximately $112,525,705.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 60,000 shares of company stock worth $7,415,000. Company insiders own 15.30% of the company’s stock.
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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).
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