361 Capital LLC reduced its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,352 shares of the company’s stock after selling 2,150 shares during the period. 361 Capital LLC’s holdings in Royal Caribbean Cruises were worth $1,701,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Royal Caribbean Cruises by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after acquiring an additional 673,608 shares during the period. BlackRock Inc. boosted its position in shares of Royal Caribbean Cruises by 2.5% in the second quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock valued at $1,159,838,000 after acquiring an additional 258,958 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Royal Caribbean Cruises by 34.1% in the third quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock valued at $200,683,000 after acquiring an additional 430,521 shares during the period. American Century Companies Inc. boosted its position in shares of Royal Caribbean Cruises by 158.3% in the third quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after acquiring an additional 841,498 shares during the period. Finally, Rockefeller Financial Services Inc. boosted its position in shares of Royal Caribbean Cruises by 15.5% in the third quarter. Rockefeller Financial Services Inc. now owns 1,183,262 shares of the company’s stock valued at $140,264,000 after acquiring an additional 159,204 shares during the period. Hedge funds and other institutional investors own 73.01% of the company’s stock.

Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up $1.61 during mid-day trading on Friday, hitting $124.40. 1,442,652 shares of the stock were exchanged, compared to its average volume of 1,780,318. The company has a market capitalization of $26,632.67, a PE ratio of 16.77, a P/E/G ratio of 0.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13. Royal Caribbean Cruises Ltd. has a 52-week low of $78.77 and a 52-week high of $133.75.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.06. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.20 earnings per share. sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 7.39 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Nomura boosted their target price 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. Goldman Sachs Group, Inc. (The) raised shares of Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and boosted their target price for the company from $99.00 to $115.00 in a research report on Wednesday, August 2nd. Deutsche Bank AG boosted their target price on shares of Royal Caribbean Cruises from $102.00 to $114.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $139.00 price objective (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises has an average rating of “Buy” and a consensus price target of $126.33.

In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $125.70, for a total value of $2,514,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 60,000 shares of company stock valued at $7,415,000 in the last ninety days. 15.30% of the stock is currently owned by insiders.

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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).

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

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