Axa Has $37.54 Million Holdings in Royal Caribbean Cruises Ltd (RCL)
Axa decreased its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 52.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,888 shares of the company’s stock after selling 316,454 shares during the quarter. Axa owned approximately 0.14% of Royal Caribbean Cruises worth $37,538,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. increased its position in Royal Caribbean Cruises by 804.6% during the third quarter. Royal London Asset Management Ltd. now owns 661,674 shares of the company’s stock worth $135,938,000 after acquiring an additional 588,527 shares during the period. Eagle Asset Management Inc. increased its position in Royal Caribbean Cruises by 14.0% during the third quarter. Eagle Asset Management Inc. now owns 524,304 shares of the company’s stock worth $68,128,000 after acquiring an additional 64,485 shares during the period. National Asset Management Inc. bought a new position in Royal Caribbean Cruises during the third quarter worth $493,000. Yorktown Management & Research Co Inc bought a new position in Royal Caribbean Cruises during the third quarter worth $1,299,000. Finally, Norinchukin Bank The increased its position in Royal Caribbean Cruises by 14.8% during the third quarter. Norinchukin Bank The now owns 22,039 shares of the company’s stock worth $2,864,000 after acquiring an additional 2,846 shares during the period. 71.50% of the stock is currently owned by institutional investors.
In other news, Director Bernt Reitan sold 1,578 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $106.58, for a total value of $168,183.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Harri U. Kulovaara sold 6,600 shares of the business’s 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 completion of the sale, the executive vice president now owns 26,165 shares in the company, valued at approximately $3,285,015.75. The disclosure for this sale can be found here. Insiders own 15.26% of the company’s stock.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, October 25th. The company reported $3.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 net margin of 19.46% and a return on equity of 16.93%. Analysts expect that Royal Caribbean Cruises Ltd will post 8.83 EPS for the current fiscal year.
RCL has been the topic of a number of research reports. Citigroup dropped their target price on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Barclays initiated coverage on shares of Royal Caribbean Cruises in a research report on Friday, August 3rd. They set an “overweight” rating on the stock. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $103.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, October 26th. Finally, Wells Fargo & Co lowered their price target on shares of Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average 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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