SeaTown Holdings Pte. Ltd. raised its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 98.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,500 shares of the company’s stock after purchasing an additional 41,500 shares during the quarter. Royal Caribbean Cruises accounts for about 1.9% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 22nd largest position. SeaTown Holdings Pte. Ltd.’s holdings in Royal Caribbean Cruises were worth $10,121,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Covenant Multifamily Offices LLC increased its stake in Royal Caribbean Cruises by 2,988.9% in the 2nd quarter. Covenant Multifamily Offices LLC now owns 1,668 shares of the company’s stock worth $202,000 after buying an additional 1,614 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Royal Caribbean Cruises by 1.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 32,769 shares of the company’s stock worth $3,972,000 after buying an additional 525 shares during the period. Janus Henderson Group PLC increased its stake in Royal Caribbean Cruises by 15.2% in the 2nd quarter. Janus Henderson Group PLC now owns 111,111 shares of the company’s stock worth $13,465,000 after buying an additional 14,658 shares during the period. Sequoia Financial Advisors LLC increased its stake in Royal Caribbean Cruises by 3.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,729 shares of the company’s stock worth $331,000 after buying an additional 100 shares during the period. Finally, Aperio Group LLC increased its stake in Royal Caribbean Cruises by 2.7% in the 2nd quarter. Aperio Group LLC now owns 71,376 shares of the company’s stock worth $8,651,000 after buying an additional 1,904 shares during the period. Institutional investors and hedge funds own 72.72% of the company’s stock.

Several research firms recently commented on RCL. Nomura reduced their price target on shares of Royal Caribbean Cruises from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Argus cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup increased their target price on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Buckingham Research increased their target price on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Royal Caribbean Cruises has a consensus rating of “Hold” and a consensus target price of $142.50.

Shares of NYSE:RCL traded up $1.73 during trading on Tuesday, reaching $109.03. The stock had a trading volume of 1,563,260 shares, compared to its average volume of 2,235,535. Royal Caribbean Cruises Ltd has a one year low of $89.48 and a one year high of $133.60. The firm has a market cap of $22.89 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.06 and a beta of 1.34. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.17 and a quick ratio of 0.15. The stock has a 50-day moving average of $113.26.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.09. Royal Caribbean Cruises had a net margin of 17.82% and a return on equity of 17.39%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period last year, the business earned $2.27 EPS. The company’s revenue was up 20.1% compared to the same quarter last year. As a group, analysts forecast that Royal Caribbean Cruises Ltd will post 9.67 earnings per share for the current year.

In other news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $108.46, for a total value of $2,169,200.00. Following the sale, the chief executive officer now directly owns 905,651 shares in the company, valued at approximately $98,226,907.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.07% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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

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