Great West Life Assurance Co. Can boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 122,640 shares of the company’s stock after buying an additional 1,406 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Royal Caribbean Cruises worth $13,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Royal Caribbean Cruises by 26.0% in the second quarter. Janney Montgomery Scott LLC now owns 5,420 shares of the company’s stock valued at $592,000 after buying an additional 1,117 shares during the last quarter. IBM Retirement Fund boosted its position in shares of Royal Caribbean Cruises by 125.2% in the second quarter. IBM Retirement Fund now owns 4,224 shares of the company’s stock valued at $515,000 after buying an additional 2,348 shares during the last quarter. NGAM Advisors L.P. boosted its position in shares of Royal Caribbean Cruises by 2.1% in the second quarter. NGAM Advisors L.P. now owns 22,649 shares of the company’s stock valued at $2,474,000 after buying an additional 471 shares during the last quarter. Strs Ohio boosted its position in shares of Royal Caribbean Cruises by 50.9% in the second quarter. Strs Ohio now owns 271,600 shares of the company’s stock valued at $29,666,000 after buying an additional 91,600 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its position in shares of Royal Caribbean Cruises by 3.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 5,723 shares of the company’s stock valued at $625,000 after buying an additional 172 shares during the last quarter. Institutional investors own 71.67% of the company’s stock.

Royal Caribbean Cruises Ltd. (RCL) opened at 117.76 on Tuesday. The company’s 50-day moving average is $111.74 and its 200 day moving average is $102.72. The company has a market cap of $25.33 billion, a price-to-earnings ratio of 16.52 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 12 month low of $65.10 and a 12 month high of $120.00.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post $7.43 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its board has approved a stock buyback plan on Friday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a report on Friday. Berenberg Bank reiterated a “buy” rating and issued a $135.00 target price on shares of Royal Caribbean Cruises in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a report on Thursday, August 3rd. UBS AG reiterated a “buy” rating and issued a $131.00 target price (up from $112.00) on shares of Royal Caribbean Cruises in a report on Wednesday, August 2nd. Finally, Buckingham Research raised their target price on shares of Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. Royal Caribbean Cruises currently has an average rating of “Buy” and an average price target of $117.23.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $107.77, for a total value of $2,155,400.00. Following the sale, the chief executive officer now owns 1,007,741 shares in the company, valued at approximately $108,604,247.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Adam M. Goldstein sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $117.24, for a total value of $7,034,400.00. Following the completion of the sale, the chief operating officer now owns 191,252 shares in the company, valued at approximately $22,422,384.48. The disclosure for this sale can be found here. Insiders sold a total of 452,499 shares of company stock worth $52,583,811 in the last 90 days. Company 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).

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

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