Royal Caribbean Cruises Ltd (RCL) Shares Bought by Bluestein R H & Co.
Bluestein R H & Co. increased its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 50.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,500 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Bluestein R H & Co.’s holdings in Royal Caribbean Cruises were worth $533,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in Royal Caribbean Cruises by 105.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock worth $400,541,000 after purchasing an additional 1,732,995 shares during the period. American Century Companies Inc. increased its holdings in Royal Caribbean Cruises by 158.3% during the 3rd quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock worth $162,776,000 after purchasing an additional 841,498 shares during the period. Vanguard Group Inc. increased its holdings in Royal Caribbean Cruises by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after purchasing an additional 673,608 shares during the period. PNC Financial Services Group Inc. increased its holdings in Royal Caribbean Cruises by 1,754.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after purchasing an additional 647,483 shares during the period. Finally, Capital Growth Management LP purchased a new position in Royal Caribbean Cruises during the 2nd quarter worth $61,933,000. 73.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Royal Caribbean Cruises Ltd (NYSE RCL) traded down $0.15 during trading hours on Tuesday, hitting $125.08. The stock had a trading volume of 1,626,100 shares, compared to its average volume of 1,560,905. Royal Caribbean Cruises Ltd has a twelve month low of $79.86 and a twelve month high of $133.75. The stock has a market cap of $26,810.35, a P/E ratio of 16.88, a PEG ratio of 0.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the business posted $3.20 EPS. The business’s revenue was up .2% compared to the same quarter last year. sell-side analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current fiscal year.
Several research firms have commented on RCL. Macquarie downgraded Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Thursday, November 30th. Berenberg Bank downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a report on Tuesday, November 14th. SunTrust Banks restated a “buy” rating and set a $137.00 price objective on shares of Royal Caribbean Cruises in a report on Friday, November 10th. Deutsche Bank raised their price objective on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Finally, Buckingham Research raised their price objective on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Royal Caribbean Cruises has an average rating of “Buy” and a consensus price target of $126.02.
In other news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $121.29, for a total value of $2,425,800.00. Following the transaction, the chief executive officer now directly owns 927,741 shares in the company, valued at approximately $112,525,705.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 60,000 shares of company stock worth $7,415,000 over the last quarter. Company insiders own 15.30% of the company’s stock.
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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