LSV Asset Management raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 121.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,000 shares of the company’s stock after buying an additional 31,800 shares during the period. LSV Asset Management’s holdings in Royal Caribbean Cruises were worth $6,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RCL. Acadian Asset Management LLC boosted its position in Royal Caribbean Cruises by 447.1% during the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock valued at $174,000 after buying an additional 1,453 shares during the period. Suntrust Banks Inc. boosted its position in Royal Caribbean Cruises by 9.8% during the first quarter. Suntrust Banks Inc. now owns 4,570 shares of the company’s stock valued at $448,000 after buying an additional 408 shares during the period. UBS Asset Management Americas Inc. boosted its position in Royal Caribbean Cruises by 13.1% during the first quarter. UBS Asset Management Americas Inc. now owns 528,649 shares of the company’s stock valued at $51,866,000 after buying an additional 61,429 shares during the period. Karp Capital Management Corp purchased a new stake in Royal Caribbean Cruises during the first quarter valued at about $4,838,000. Finally, NEXT Financial Group Inc boosted its position in Royal Caribbean Cruises by 25.0% during the first quarter. NEXT Financial Group Inc now owns 1,000 shares of the company’s stock valued at $107,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 71.60% of the company’s stock.

Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 120.92 on Friday. The company has a market cap of $26.01 billion, a P/E ratio of 16.96 and a beta of 1.03. The firm’s 50 day moving average is $119.72 and its 200-day moving average is $108.73. Royal Caribbean Cruises Ltd. has a 52 week low of $65.45 and a 52 week high of $125.00.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, topping the 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 firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 21st. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio is presently 26.97%.

Several analysts have issued reports on the stock. Nomura upped their price target on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Wedbush increased their target price on shares of Royal Caribbean Cruises from $125.00 to $129.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Buckingham Research increased 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. J P Morgan Chase & Co upgraded shares of Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $111.00 to $130.00 in a report on Thursday, July 20th. Finally, Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $118.49.

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In other news, Director Bernt Reitan sold 4,793 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $117.22, for a total value of $561,835.46. Following the completion of the sale, the director now owns 7,862 shares of the company’s stock, valued at approximately $921,583.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Adam M. Goldstein sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $118.21, for a total transaction of $14,185,200.00. Following the completion of the sale, the chief operating officer now directly owns 191,252 shares of the company’s stock, valued at approximately $22,607,898.92. The disclosure for this sale can be found here. Insiders sold a total of 480,079 shares of company stock valued at $56,139,855 in the last ninety days. Corporate 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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