19,115 Royal Caribbean Cruises Ltd. $RCL Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,191 shares of the company’s stock after selling 19,115 shares during the period. Calamos Advisors LLC’s holdings in Royal Caribbean Cruises were worth $33,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 55 North Private Wealth LLC raised its stake in shares of Royal Caribbean Cruises by 4.2% in the third quarter. 55 North Private Wealth LLC now owns 890 shares of the company’s stock worth $237,000 after purchasing an additional 36 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Royal Caribbean Cruises by 1.5% during the second quarter. D.A. Davidson & CO. now owns 2,647 shares of the company’s stock valued at $841,000 after buying an additional 40 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Royal Caribbean Cruises by 2.6% during the third quarter. Cornerstone Wealth Management LLC now owns 1,729 shares of the company’s stock valued at $460,000 after buying an additional 43 shares during the last quarter. Commonwealth Financial Services LLC increased its holdings in Royal Caribbean Cruises by 4.1% in the 1st quarter. Commonwealth Financial Services LLC now owns 1,171 shares of the company’s stock worth $322,000 after buying an additional 46 shares in the last quarter. Finally, Platform Technology Partners increased its holdings in Royal Caribbean Cruises by 4.9% in the 2nd quarter. Platform Technology Partners now owns 982 shares of the company’s stock worth $312,000 after buying an additional 46 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Royal Caribbean Cruises from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. UBS Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, September 23rd. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, July 28th. The Goldman Sachs Group reissued a “buy” rating and set a $358.00 price target on shares of Royal Caribbean Cruises in a report on Wednesday, October 28th. Finally, Morgan Stanley raised their price target on Royal Caribbean Cruises from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $355.62.

Insider Buying and Selling

In other news, Director Maritza Montiel sold 400 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $307.21, for a total transaction of $122,884.00. Following the sale, the director owned 13,202 shares in the company, valued at $4,055,786.42. This trade represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arne Wilhelmsen sold 30,000 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $323.23, for a total transaction of $9,696,900.00. Following the completion of the transaction, the director directly owned 16,185,910 shares in the company, valued at $5,231,771,689.30. This trade represents a 0.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 250,400 shares of company stock valued at $82,263,584. Insiders own 6.44% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL traded up $4.13 during trading hours on Friday, reaching $326.86. 1,534,384 shares of the stock traded hands, compared to its average volume of 2,123,895. The company has a market cap of $87.43 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.12 and a beta of 1.88. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.69. The company’s 50-day moving average price is $275.23 and its two-hundred day moving average price is $287.88. Royal Caribbean Cruises Ltd. has a 52-week low of $222.22 and a 52-week high of $356.39.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $6.57 EPS for the quarter, beating analysts’ consensus estimates of $6.38 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Royal Caribbean Cruises had a return on equity of 43.40% and a net margin of 23.78%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $5.75 earnings per share. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 17th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 35.52%.

Royal Caribbean Cruises Company Profile

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences.

The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.

Founded in 1968, the company is headquartered in Miami, Florida.