SeaTown Holdings Pte. Ltd. increased its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 98.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,500 shares of the company’s stock after acquiring an additional 41,500 shares during the quarter. Royal Caribbean Cruises makes up about 1.9% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 22nd biggest holding. SeaTown Holdings Pte. Ltd.’s holdings in Royal Caribbean Cruises were worth $10,121,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of RCL. Cornerstone Advisors Inc. boosted its stake in Royal Caribbean Cruises by 3.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,294 shares of the company’s stock worth $263,000 after purchasing an additional 84 shares during the last quarter. Intrust Bank NA boosted its position in shares of Royal Caribbean Cruises by 3.4% during the 1st quarter. Intrust Bank NA now owns 2,754 shares of the company’s stock valued at $315,000 after acquiring an additional 91 shares during the last quarter. BancorpSouth Bank boosted its position in shares of Royal Caribbean Cruises by 2.6% during the 2nd quarter. BancorpSouth Bank now owns 3,860 shares of the company’s stock valued at $468,000 after acquiring an additional 96 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Royal Caribbean Cruises by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the company’s stock valued at $1,043,000 after acquiring an additional 100 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its position in shares of Royal Caribbean Cruises by 0.5% during the 1st quarter. Commonwealth Bank of Australia now owns 21,279 shares of the company’s stock valued at $2,434,000 after acquiring an additional 100 shares during the last quarter. 72.72% of the stock is owned by institutional investors.

RCL traded up $1.73 on Tuesday, hitting $109.03. The company had a trading volume of 1,563,260 shares, compared to its average volume of 2,235,535. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.06 and a beta of 1.34. Royal Caribbean Cruises Ltd has a 1 year low of $89.48 and a 1 year high of $133.60. The stock’s fifty day simple moving average is $113.26. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.15 and a current ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.09. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.79 billion. Royal Caribbean Cruises had a net margin of 17.82% and a return on equity of 17.39%. Royal Caribbean Cruises’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. On average, equities research analysts predict that Royal Caribbean Cruises Ltd will post 9.67 EPS for the current year.

Several research analysts have recently weighed in on the stock. Citigroup boosted their price target on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the company a “buy” rating in a research report on Monday, May 6th. ValuEngine cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Argus cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $142.50.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $108.46, for a total transaction of $2,169,200.00. Following the sale, the chief executive officer now directly owns 905,651 shares in the company, valued at $98,226,907.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.07% of the stock is owned by corporate insiders.

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, Azamara Club Cruises, and Silversea 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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