Orion Portfolio Solutions LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 529 shares of the company’s stock, valued at approximately $71,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in RCL. Scout Investments Inc. raised its stake in shares of Royal Caribbean Cruises by 223.4% in the fourth quarter. Scout Investments Inc. now owns 721,428 shares of the company’s stock worth $96,318,000 after purchasing an additional 498,352 shares during the last quarter. Nomura Holdings Inc. raised its holdings in shares of Royal Caribbean Cruises by 691.6% during the third quarter. Nomura Holdings Inc. now owns 449,606 shares of the company’s stock valued at $47,171,000 after purchasing an additional 392,806 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Royal Caribbean Cruises by 81.0% during the third quarter. Point72 Asset Management L.P. now owns 435,598 shares of the company’s stock valued at $47,188,000 after purchasing an additional 194,891 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Royal Caribbean Cruises by 85.0% during the fourth quarter. AQR Capital Management LLC now owns 331,765 shares of the company’s stock valued at $44,218,000 after purchasing an additional 152,457 shares during the last quarter. Finally, Tremblant Capital Group lifted its position in Royal Caribbean Cruises by 31.2% during the fourth quarter. Tremblant Capital Group now owns 459,459 shares of the company’s stock valued at $61,342,000 after purchasing an additional 109,230 shares during the period. 74.98% of the stock is owned by institutional investors.
A number of research firms have commented on RCL. Nomura reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, March 9th. SunTrust Banks lowered their target price on Royal Caribbean Cruises from $164.00 to $102.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Macquarie reissued a “buy” rating and issued a $141.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, February 6th. Cfra restated a “sell” rating and set a $100.00 price target (down from $135.00) on shares of Royal Caribbean Cruises in a research note on Monday, February 10th. Finally, Goldman Sachs Group reduced their price target on shares of Royal Caribbean Cruises from to in a research report on Tuesday, March 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Royal Caribbean Cruises presently has an average rating of “Hold” and a consensus price target of $115.69.
Shares of RCL stock traded down $1.80 on Thursday, hitting $40.61. 35,057,113 shares of the stock traded hands, compared to its average volume of 9,197,902. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.15 and a quick ratio of 0.13. Royal Caribbean Cruises Ltd has a 52 week low of $19.25 and a 52 week high of $135.32. The firm has a 50 day simple moving average of $76.69 and a two-hundred day simple moving average of $108.22. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 4.54, a PEG ratio of 0.77 and a beta of 1.72.
Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, February 4th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.01. Royal Caribbean Cruises had a return on equity of 17.06% and a net margin of 17.16%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the company earned $1.53 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts forecast that Royal Caribbean Cruises Ltd will post 4.92 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.12 annualized dividend and a yield of 7.68%. Royal Caribbean Cruises’s payout ratio is 32.70%.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Monday, January 6th. The shares were sold at an average price of $131.07, for a total value of $2,621,400.00. Following the sale, the chief executive officer now directly owns 787,850 shares in the company, valued at approximately $103,263,499.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 13.07% of the company’s stock.
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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