Robeco Institutional Asset Management B.V. trimmed its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 8.5% in the 3rd quarter, Holdings Channel reports. The firm owned 76,176 shares of the company’s stock after selling 7,086 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Royal Caribbean Cruises were worth $9,898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Royal Caribbean Cruises by 5.3% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 82,164 shares of the company’s stock valued at $10,676,000 after purchasing an additional 4,115 shares during the last quarter. Palladium Partners LLC lifted its holdings in shares of Royal Caribbean Cruises by 7.6% during the third quarter. Palladium Partners LLC now owns 59,347 shares of the company’s stock valued at $7,711,000 after purchasing an additional 4,180 shares during the last quarter. Greenleaf Trust purchased a new stake in shares of Royal Caribbean Cruises during the third quarter valued at $271,000. Price Capital Management Inc. purchased a new stake in shares of Royal Caribbean Cruises during the third quarter valued at $1,475,000. Finally, Braun Stacey Associates Inc. lifted its holdings in shares of Royal Caribbean Cruises by 9.0% during the third quarter. Braun Stacey Associates Inc. now owns 146,033 shares of the company’s stock valued at $18,975,000 after purchasing an additional 12,042 shares during the last quarter. 71.50% of the stock is owned by institutional investors and hedge funds.

NYSE:RCL opened at $109.99 on Monday. The firm has a market cap of $22.99 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. Royal Caribbean Cruises Ltd has a 1-year low of $97.48 and a 1-year high of $135.65. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67.

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

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

Several equities research analysts have recently commented on RCL shares. Citigroup reduced their target price on Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a report on Friday, August 17th. Barclays started coverage on Royal Caribbean Cruises in a report on Friday, August 3rd. They set an “overweight” rating for the company. Morgan Stanley upped their target price on Royal Caribbean Cruises from $110.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, September 6th. Macquarie upped their target price on Royal Caribbean Cruises from $103.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, October 26th. Finally, Wells Fargo & Co reduced their target price on 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 research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Royal Caribbean Cruises has a consensus rating of “Buy” and a consensus price target of $139.62.

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Royal Caribbean Cruises Company 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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