Wedge Capital Management L L P NC lifted its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 361,453 shares of the company’s stock after purchasing an additional 39,643 shares during the period. Wedge Capital Management L L P NC owned about 0.17% of Royal Caribbean Cruises worth $43,812,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Rational Advisors LLC boosted its position in Royal Caribbean Cruises by 1,060.0% during the 1st quarter. Rational Advisors LLC now owns 232 shares of the company’s stock valued at $27,000 after buying an additional 212 shares during the period. Front Row Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 475.0% in the 1st quarter. Front Row Advisors LLC now owns 230 shares of the company’s stock worth $27,000 after purchasing an additional 190 shares during the period. Central Bank & Trust Co. purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth about $37,000. First Manhattan Co. purchased a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth about $40,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Royal Caribbean Cruises by 92.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock worth $40,000 after purchasing an additional 166 shares during the period. 72.72% of the stock is currently owned by institutional investors.

Shares of RCL stock traded up $1.73 during trading hours on Tuesday, reaching $109.03. The company had a trading volume of 1,708,251 shares, compared to its average volume of 2,235,535. The business has a fifty day moving average of $113.26. 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 capitalization of $22.89 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.06 and a beta of 1.34. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 0.83.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.09. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.79 billion. Royal Caribbean Cruises had a net margin of 17.82% and a return on equity of 17.39%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.27 earnings per share. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd will post 9.67 earnings per share for the current fiscal year.

In related news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 905,651 shares of the company’s stock, valued at $98,226,907.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.07% of the company’s stock.

Several equities research analysts have recently commented on RCL shares. Wedbush reaffirmed an “underweight” rating and issued a $145.00 target price (up from $140.00) on shares of Royal Caribbean Cruises in a research report on Thursday, May 2nd. They noted that the move was a valuation call. ValuEngine lowered shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Buckingham Research increased their price target on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Argus lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Royal Caribbean Cruises presently has a consensus rating of “Hold” and a consensus price target of $142.50.

About Royal Caribbean Cruises

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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