MIG Capital LLC lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 320,747 shares of the company’s stock after selling 28,500 shares during the quarter. Royal Caribbean Cruises makes up approximately 5.3% of MIG Capital LLC’s holdings, making the stock its 10th biggest holding. MIG Capital LLC owned approximately 0.15% of Royal Caribbean Cruises worth $35,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 0.3% in the 2nd quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock valued at $259,000 after purchasing an additional 8 shares during the last quarter. Granahan Investment Management Inc. MA boosted its holdings in shares of Royal Caribbean Cruises by 0.4% in the 1st quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock valued at $283,000 after purchasing an additional 11 shares during the last quarter. Cleararc Capital Inc. boosted its holdings in shares of Royal Caribbean Cruises by 0.6% in the 1st quarter. Cleararc Capital Inc. now owns 4,095 shares of the company’s stock valued at $402,000 after purchasing an additional 25 shares during the last quarter. Morse Asset Management Inc boosted its holdings in shares of Royal Caribbean Cruises by 0.7% in the 2nd quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock valued at $374,000 after purchasing an additional 25 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Royal Caribbean Cruises by 1.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock valued at $268,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 71.51% of the company’s stock.

Royal Caribbean Cruises Ltd. (NYSE RCL) traded down 0.22% during midday trading on Friday, reaching $123.39. 1,076,327 shares of the company traded hands. The stock has a market capitalization of $26.54 billion, a price-to-earnings ratio of 17.31 and a beta of 0.99. The firm has a 50 day moving average of $119.73 and a 200-day moving average of $111.08. Royal Caribbean Cruises Ltd. has a 12 month low of $67.53 and a 12 month high of $125.00.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the company earned $1.09 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts forecast that Royal Caribbean Cruises Ltd. will post $7.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, September 21st. Royal Caribbean Cruises’s payout ratio is presently 33.71%.

In other news, CEO Richard D. Fain sold 210,706 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total value of $24,406,075.98. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares in the company, valued at $112,093,440.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bernt Reitan sold 4,793 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $117.22, for a total transaction of $561,835.46. Following the completion of the sale, the director now owns 7,862 shares of the company’s stock, valued at $921,583.64. The disclosure for this sale can be found here. Insiders sold 480,079 shares of company stock valued at $56,139,855 over the last 90 days. 15.30% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and issued a $134.00 price target on shares of Royal Caribbean Cruises in a report on Thursday, September 7th. BidaskClub upgraded shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Royal Caribbean Cruises to a “sell” rating in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises presently has an average rating of “Buy” and a consensus target price of $119.73.

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

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