Sterling Capital Management LLC grew its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 18.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,500 shares of the company’s stock after buying an additional 1,300 shares during the period. Sterling Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Royal Caribbean Cruises by 2.2% during the 2nd quarter. BlackRock Inc. now owns 11,120,672 shares of the company’s stock valued at $1,152,098,000 after purchasing an additional 236,598 shares in the last quarter. FMR LLC increased its holdings in shares of Royal Caribbean Cruises by 16.5% during the 2nd quarter. FMR LLC now owns 5,861,019 shares of the company’s stock valued at $607,202,000 after purchasing an additional 830,047 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Royal Caribbean Cruises by 17.6% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,377,895 shares of the company’s stock valued at $142,750,000 after purchasing an additional 206,047 shares in the last quarter. Vontobel Asset Management Inc. increased its holdings in shares of Royal Caribbean Cruises by 443.4% during the 2nd quarter. Vontobel Asset Management Inc. now owns 1,346,249 shares of the company’s stock valued at $143,300,000 after purchasing an additional 1,098,502 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Royal Caribbean Cruises by 2.8% during the 2nd quarter. Swiss National Bank now owns 565,238 shares of the company’s stock valued at $58,559,000 after purchasing an additional 15,600 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of Royal Caribbean Cruises stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the sale, the executive vice president now owns 26,165 shares of the company’s stock, valued at approximately $3,285,015.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.26% of the company’s stock.

Shares of NYSE RCL opened at $107.17 on Friday. The firm has a market capitalization of $22.79 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. Royal Caribbean Cruises Ltd has a one year low of $97.48 and a one year high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, October 25th. The company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.01. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Equities research analysts expect that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Friday, September 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, September 20th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. Royal Caribbean Cruises’s payout ratio is 37.18%.

Several equities research analysts recently commented on the stock. Nomura cut their price target on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating for the company in a report on Friday, October 26th. ValuEngine raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, August 8th. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $103.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, October 26th. Finally, Wells Fargo & Co cut their price target on shares of Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $139.29.

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Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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

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