Janney Montgomery Scott LLC lessened its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 22.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,369 shares of the company’s stock after selling 6,306 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Royal Caribbean Cruises were worth $2,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Legacy Capital Partners Inc. increased its holdings in Royal Caribbean Cruises by 7.2% in the 3rd quarter. Legacy Capital Partners Inc. now owns 6,552 shares of the company’s stock worth $851,000 after acquiring an additional 441 shares in the last quarter. Earnest Partners LLC boosted its stake in Royal Caribbean Cruises by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 104,334 shares of the company’s stock worth $10,809,000 after purchasing an additional 457 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Royal Caribbean Cruises by 5.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,866 shares of the company’s stock worth $919,000 after purchasing an additional 465 shares during the last quarter. Advisors Capital Management LLC boosted its stake in Royal Caribbean Cruises by 1.4% during the 3rd quarter. Advisors Capital Management LLC now owns 33,424 shares of the company’s stock worth $4,343,000 after purchasing an additional 473 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Royal Caribbean Cruises by 2.8% during the 2nd quarter. CIBC Asset Management Inc now owns 17,855 shares of the company’s stock worth $1,850,000 after purchasing an additional 480 shares during the last quarter. 71.22% of the stock is owned by institutional investors.

In other news, EVP Harri U. Kulovaara sold 6,600 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the transaction, 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 this hyperlink. Insiders own 15.26% of the company’s stock.

Shares of RCL stock opened at $109.99 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a market cap of $22.99 billion, a PE ratio of 14.61, a PEG ratio of 0.90 and a beta of 1.34. Royal Caribbean Cruises Ltd has a twelve month low of $97.48 and a twelve month high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last announced 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 analysts’ expectations of $2.82 billion. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%. As a group, analysts forecast that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current year.

Several brokerages have issued reports on RCL. Citigroup lowered their target price on shares of Royal Caribbean Cruises from $136.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Wells Fargo & Co lowered their target price on shares of Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. ValuEngine cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Deutsche Bank set a $138.00 target price on shares of Royal Caribbean Cruises and gave the stock a “buy” rating in a research note on Friday, October 26th. Finally, Nomura lowered their target price on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $139.62.

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About Royal Caribbean Cruises

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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