National Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) in the third quarter, HoldingsChannel reports. The firm acquired 3,793 shares of the company’s stock, valued at approximately $493,000.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake 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 worth $1,152,098,000 after buying an additional 236,598 shares during the last quarter. FMR LLC boosted its stake 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 worth $607,202,000 after buying an additional 830,047 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Royal Caribbean Cruises by 0.9% during the 3rd quarter. American Century Companies Inc. now owns 1,987,668 shares of the company’s stock worth $258,278,000 after buying an additional 16,918 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Royal Caribbean Cruises by 22.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,512,908 shares of the company’s stock worth $196,587,000 after buying an additional 279,259 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake 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 worth $142,750,000 after buying an additional 206,047 shares during the last quarter. Institutional investors own 71.50% of the company’s stock.

RCL has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, July 24th. Bank of America increased their price objective on shares of Royal Caribbean Cruises from $138.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 26th. Barclays initiated coverage on shares of Royal Caribbean Cruises in a report on Friday, August 3rd. They issued an “overweight” rating on the stock. Deutsche Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $146.00 in a report on Wednesday, August 29th. Finally, Nomura dropped their target price on shares of Royal Caribbean Cruises from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Royal Caribbean Cruises has an average rating of “Buy” and a consensus target price of $139.62.

Shares of RCL stock opened at $107.02 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $22.99 billion, a PE ratio of 14.21, a PEG ratio of 0.90 and a beta of 1.34. Royal Caribbean Cruises Ltd has a 52-week low of $97.48 and a 52-week high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, October 25th. The company reported $3.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.97 by $0.01. The company 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, equities analysts forecast that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current year.

In other news, EVP Harri U. Kulovaara sold 6,600 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $125.55, for a total value of $828,630.00. Following the sale, 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 can be accessed through the SEC website. 15.26% of the stock is currently owned by corporate insiders.

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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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