Commonwealth Equity Services LLC raised its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 65.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,846 shares of the company’s stock after acquiring an additional 11,804 shares during the period. Commonwealth Equity Services LLC’s holdings in Royal Caribbean Cruises were worth $3,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RCL. 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 worth $143,300,000 after buying an additional 1,098,502 shares during 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 worth $607,202,000 after buying an additional 830,047 shares during the last quarter. Carillon Tower Advisers Inc. increased its holdings in shares of Royal Caribbean Cruises by 190.9% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 517,396 shares of the company’s stock worth $53,602,000 after buying an additional 339,521 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth $38,168,000. Finally, Wells Fargo & Company MN increased its holdings 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. Institutional investors own 71.50% of the company’s stock.

In related news, EVP Harri U. Kulovaara sold 6,600 shares of the 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 sale, the executive vice president now owns 26,165 shares in the company, valued at $3,285,015.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bernt Reitan sold 1,578 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $106.58, for a total transaction of $168,183.24. The disclosure for this sale can be found here. Company insiders own 15.26% of the company’s stock.

A number of analysts have recently commented on RCL shares. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $147.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, September 24th. Citigroup dropped their price objective 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. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Deutsche Bank set a $138.00 price target on Royal Caribbean Cruises and gave the company a “buy” rating in a report on Friday, October 26th. Finally, ValuEngine downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $139.62.

Shares of NYSE RCL opened at $107.37 on Thursday. Royal Caribbean Cruises Ltd has a 12-month low of $97.48 and a 12-month high of $135.65. The firm has a market capitalization of $22.37 billion, a P/E ratio of 14.26, a P/E/G ratio of 0.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.17.

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 consensus estimate of $3.97 by $0.01. Royal Caribbean Cruises had a return on equity of 16.93% and a net margin of 19.46%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.82 billion. On average, analysts forecast that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current year.

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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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