Stoneridge Investment Partners LLC acquired a new position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,258 shares of the company’s stock, valued at approximately $2,763,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Exane Derivatives raised its position in Royal Caribbean Cruises by 3,509.1% in the 4th quarter. Exane Derivatives now owns 397 shares of the company’s stock worth $39,000 after purchasing an additional 386 shares during the period. Financial Advantage Inc. purchased a new position in Royal Caribbean Cruises in the 4th quarter worth $54,000. Advisors Asset Management Inc. purchased a new position in Royal Caribbean Cruises in the 4th quarter worth $57,000. Essex Savings Bank purchased a new position in Royal Caribbean Cruises in the 4th quarter worth $78,000. Finally, Private Capital Group LLC raised its position in Royal Caribbean Cruises by 27.9% in the 4th quarter. Private Capital Group LLC now owns 811 shares of the company’s stock worth $80,000 after purchasing an additional 177 shares during the period. 71.78% of the stock is owned by institutional investors.
RCL has been the topic of a number of analyst reports. ValuEngine cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Deutsche Bank set a $138.00 target price on shares of Royal Caribbean Cruises and gave the stock a “buy” rating in a research report on Friday, October 26th. Wells Fargo & Co decreased their target price on shares of Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th. Nomura decreased their target price on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Finally, Tigress Financial reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $140.08.
Shares of RCL stock traded up $1.74 during mid-day trading on Monday, reaching $116.58. The stock had a trading volume of 22,248 shares, compared to its average volume of 1,788,671. Royal Caribbean Cruises Ltd has a 52-week low of $89.48 and a 52-week high of $133.60. The stock has a market capitalization of $24.00 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.83 and a beta of 1.55. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 0.75.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Wednesday, January 30th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Royal Caribbean Cruises had a net margin of 19.08% and a return on equity of 17.08%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the company earned $7.53 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities analysts predict that Royal Caribbean Cruises Ltd will post 9.95 EPS for the current year.
In other news, Director Bernt Reitan sold 1,578 shares of Royal Caribbean Cruises stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $106.58, for a total transaction of $168,183.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard D. Fain bought 18,900 shares of the business’s stock in a transaction dated Thursday, December 13th. The shares were bought at an average cost of $105.60 per share, for a total transaction of $1,995,840.00. Following the purchase, the chief executive officer now directly owns 842,537 shares in the company, valued at approximately $88,971,907.20. The disclosure for this purchase can be found here. 15.26% of the stock is currently owned by insiders.
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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, 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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