Pine River Capital Management L.P. trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,595 shares of the company’s stock after selling 338 shares during the quarter. Pine River Capital Management L.P.’s holdings in Royal Caribbean Cruises were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of RCL. BlackRock Inc. increased its stake in shares of Royal Caribbean Cruises by 3,290.6% in the 1st quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock worth $1,016,356,000 after acquiring an additional 10,053,823 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Royal Caribbean Cruises by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after acquiring an additional 673,608 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Royal Caribbean Cruises by 1,754.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after acquiring an additional 647,483 shares in the last quarter. Capital Growth Management LP bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $61,933,000. Finally, American Century Companies Inc. increased its stake in shares of Royal Caribbean Cruises by 9,025.9% in the 2nd quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock worth $58,075,000 after acquiring an additional 525,851 shares in the last quarter. Institutional investors own 71.51% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Nomura increased their price target on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and increased their price target for the stock from $99.00 to $115.00 in a research note on Wednesday, August 2nd. Deutsche Bank AG increased their price target on shares of Royal Caribbean Cruises from $102.00 to $114.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $129.00 price target (up from $125.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $118.14.

In other news, COO Adam M. Goldstein sold 120,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $118.21, for a total transaction of $14,185,200.00. Following the transaction, the chief operating officer now owns 191,252 shares in the company, valued at $22,607,898.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Harri U. Kulovaara sold 7,580 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $119.61, for a total transaction of $906,643.80. Following the transaction, the executive vice president now owns 23,493 shares in the company, valued at approximately $2,809,997.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 480,079 shares of company stock worth $56,139,855. Corporate insiders own 15.30% of the company’s stock.

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Shares of Royal Caribbean Cruises Ltd. (RCL) traded up 0.28% during mid-day trading on Friday, hitting $118.54. 1,743,920 shares of the stock were exchanged. The stock has a market cap of $25.50 billion, a PE ratio of 16.63 and a beta of 1.03. Royal Caribbean Cruises Ltd. has a 12 month low of $67.53 and a 12 month high of $125.00. The stock’s 50 day moving average is $120.04 and its 200-day moving average is $109.23.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.02%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio is 33.71%.

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

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