Sei Investments Co. increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 49,650 shares of the company’s stock after buying an additional 240 shares during the period. Sei Investments Co.’s holdings in Royal Caribbean Cruises were worth $5,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RCL. Strs Ohio boosted its position in Royal Caribbean Cruises by 56.5% in the first quarter. Strs Ohio now owns 180,000 shares of the company’s stock worth $17,659,000 after buying an additional 65,000 shares during the last quarter. Acadian Asset Management LLC boosted its position in Royal Caribbean Cruises by 447.1% in the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock worth $174,000 after buying an additional 1,453 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Royal Caribbean Cruises by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,578 shares of the company’s stock worth $420,000 after buying an additional 218 shares during the last quarter. Nationwide Fund Advisors boosted its position in Royal Caribbean Cruises by 4.5% in the first quarter. Nationwide Fund Advisors now owns 139,560 shares of the company’s stock worth $13,692,000 after buying an additional 5,984 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in Royal Caribbean Cruises by 0.8% in the first quarter. Retirement Systems of Alabama now owns 202,754 shares of the company’s stock worth $19,892,000 after buying an additional 1,658 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Royal Caribbean Cruises Ltd. (RCL) opened at 121.23 on Thursday. The company has a market cap of $26.08 billion, a price-to-earnings ratio of 17.01 and a beta of 1.06. The stock has a 50 day moving average of $114.10 and a 200-day moving average of $105.00. Royal Caribbean Cruises Ltd. has a one year low of $65.10 and a one year high of $122.96.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.

Royal Caribbean Cruises declared that its board has approved a share buyback program on Friday, April 28th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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A number of analysts recently 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 price target on the stock in a research note on Friday, August 4th. Wedbush restated an “outperform” rating and set a $129.00 price target (up from $125.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. UBS AG restated a “buy” rating and set a $131.00 price target (up from $112.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) cut shares of Royal Caribbean Cruises to a “sell” rating in a research note on Tuesday. Finally, Stifel Nicolaus restated a “buy” rating and set a $134.00 price target on shares of Royal Caribbean Cruises in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the stock. Royal Caribbean Cruises has a consensus rating of “Buy” and an average target price of $117.23.

In other news, EVP Harri U. Kulovaara sold 7,580 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $119.61, for a total value of $906,643.80. Following the transaction, the executive vice president now directly owns 23,493 shares in the company, valued at $2,809,997.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bernt Reitan sold 4,793 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $117.22, for a total transaction of $561,835.46. Following the completion of the transaction, the director now owns 7,862 shares in the company, valued at $921,583.64. The disclosure for this sale can be found here. Insiders have sold 460,079 shares of company stock worth $53,714,055 in the last quarter. Company insiders own 15.30% of the company’s stock.

About Royal Caribbean Cruises

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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