Janney Montgomery Scott LLC raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 26.0% during the second quarter, Holdings Channel reports. The fund owned 5,420 shares of the company’s stock after buying an additional 1,117 shares during the period. Janney Montgomery Scott LLC’s holdings in Royal Caribbean Cruises were worth $592,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Eqis Capital Management Inc. boosted its position in shares of Royal Caribbean Cruises by 0.3% in the second quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock worth $259,000 after buying an additional 8 shares during the last quarter. Granahan Investment Management Inc. MA boosted its position in shares of Royal Caribbean Cruises by 0.4% in the first quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock worth $283,000 after buying an additional 11 shares during the last quarter. Cleararc Capital Inc. boosted its position in shares of Royal Caribbean Cruises by 0.6% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the company’s stock worth $402,000 after buying an additional 25 shares during the last quarter. NEXT Financial Group Inc boosted its position in shares of Royal Caribbean Cruises by 9.0% in the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock worth $119,000 after buying an additional 90 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Royal Caribbean Cruises by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the company’s stock worth $1,136,000 after buying an additional 100 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 119.22 on Friday. The company has a 50-day moving average of $114.34 and a 200-day moving average of $105.11. The stock has a market capitalization of $25.65 billion, a P/E ratio of 16.73 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 12-month low of $65.10 and a 12-month high of $122.96.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. Equities analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its board has initiated a share repurchase program on Friday, April 28th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities analysts have issued reports on the stock. Deutsche Bank AG cut their target price on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating for the company in a research report on Tuesday, May 2nd. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Nomura lifted their target price on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Wedbush lifted their target price on shares of Royal Caribbean Cruises from $125.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus price target of $117.23.

In other news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $109.62, for a total value of $2,192,400.00. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $106,083,768.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fain sold 210,706 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $112,093,440.03. The disclosure for this sale can be found here. Insiders sold 460,079 shares of company stock valued at $53,714,055 over the last three months. 15.30% of the stock is owned by insiders.

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

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