Quantbot Technologies LP boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 61.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,518 shares of the company’s stock after buying an additional 4,403 shares during the quarter. Quantbot Technologies LP’s holdings in Royal Caribbean Cruises were worth $1,258,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC increased its position in Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after buying an additional 200 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the first quarter worth $119,000. NEXT Financial Group Inc increased its position in Royal Caribbean Cruises by 9.0% during the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock worth $119,000 after buying an additional 90 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in Royal Caribbean Cruises during the second quarter worth $121,000. Finally, Edgestream Partners L.P. acquired a new position in Royal Caribbean Cruises during the second quarter worth $203,000. 71.51% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 EPS 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 analyst estimates of $2.19 billion. During the same quarter in the prior year, the business earned $1.09 EPS. Royal Caribbean Cruises’s quarterly revenue was up 4.3% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 22nd will be paid a $0.60 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.08%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio is 33.71%.

Several research firms have commented on RCL. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Friday, September 1st. BidaskClub raised shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. UBS AG reissued a “buy” rating and set a $131.00 target price (up from $112.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Wedbush reissued an “outperform” rating and set a $129.00 target price (up from $125.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Royal Caribbean Cruises to a “sell” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $118.14.

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In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $109.62, for a total value of $2,192,400.00. Following the transaction, the chief executive officer now owns 967,741 shares in the company, valued at approximately $106,083,768.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lawrence R. Pimentel sold 17,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $120.50, for a total transaction of $2,048,500.00. Following the completion of the transaction, the chief executive officer now owns 20,045 shares in the company, valued at approximately $2,415,422.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 480,079 shares of company stock worth $56,139,855. 15.30% of the stock is owned by company insiders.

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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