Rhumbline Advisers Has $38.35 Million Holdings in Royal Caribbean Cruises Ltd. (RCL)
Rhumbline Advisers increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 323,546 shares of the company’s stock after buying an additional 10,483 shares during the quarter. Rhumbline Advisers owned 0.15% of Royal Caribbean Cruises worth $38,353,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of RCL. TLP Group LLC acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at approximately $105,000. Acrospire Investment Management LLC lifted its holdings in Royal Caribbean Cruises by 25.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after purchasing an additional 200 shares during the last quarter. Pinebridge Investments L.P. bought a new position in Royal Caribbean Cruises during the 2nd quarter worth $121,000. Oppenheimer Asset Management Inc. increased its stake in Royal Caribbean Cruises by 9.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock worth $146,000 after acquiring an additional 119 shares during the period. Finally, Huntington National Bank increased its stake in shares of Royal Caribbean Cruises by 89.6% in the 3rd quarter. Huntington National Bank now owns 1,346 shares of the company’s stock valued at $160,000 after purchasing an additional 636 shares during the last quarter. Hedge funds and other institutional investors own 73.01% of the company’s stock.
In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the completion of the transaction, the chief executive officer now directly owns 895,416 shares in the company, valued at $110,816,684.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 60,000 shares of company stock valued at $7,415,000. Corporate insiders own 15.30% of the company’s stock.
Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) opened at $122.79 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $26,230.17, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. Royal Caribbean Cruises Ltd. has a one year low of $78.77 and a one year high of $133.75.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. Royal Caribbean Cruises’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $3.20 EPS. equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 7.39 EPS for the current fiscal year.
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RCL has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and issued a $139.00 price objective (up from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Berenberg Bank lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a report on Tuesday. Buckingham Research increased their target price on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BidaskClub downgraded Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, UBS AG restated a “buy” rating and set a $131.00 target price (up previously from $112.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $126.33.
Royal Caribbean Cruises 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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