Sei Investments Co. grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,103 shares of the company’s stock after buying an additional 8,453 shares during the quarter. Sei Investments Co.’s holdings in Royal Caribbean Cruises were worth $6,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after buying an additional 673,608 shares in the last quarter. BlackRock Inc. grew its stake in shares of Royal Caribbean Cruises by 2.5% in the second quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock valued at $1,159,838,000 after buying an additional 258,958 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Royal Caribbean Cruises by 158.3% in the third quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after buying an additional 841,498 shares in the last quarter. Rockefeller Financial Services Inc. grew its stake in shares of Royal Caribbean Cruises by 15.5% in the third quarter. Rockefeller Financial Services Inc. now owns 1,183,262 shares of the company’s stock valued at $140,264,000 after buying an additional 159,204 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of Royal Caribbean Cruises by 10.9% in the second quarter. Wedge Capital Management L L P NC now owns 908,086 shares of the company’s stock valued at $99,190,000 after buying an additional 89,564 shares in the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Ltd. (RCL) traded up $0.06 on Friday, reaching $125.51. The company had a trading volume of 58,003 shares, compared to its average volume of 1,567,421. Royal Caribbean Cruises Ltd. has a 1 year low of $78.77 and a 1 year high of $133.75. The firm has a market cap of $26,857.45, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. 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 released its earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.43 by $0.06. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. Royal Caribbean Cruises’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.20 EPS. equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 7.39 EPS for the current year.

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A number of brokerages have recently weighed in on RCL. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Nomura lifted their price objective on Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) raised Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $99.00 to $115.00 in a research note on Wednesday, August 2nd. Deutsche Bank AG boosted their target price on 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 reissued an “outperform” rating and set a $139.00 target price (up from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and an average target price of $126.33.

In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $7,415,000. Insiders own 15.30% of the company’s stock.

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).

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

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