Emerald Advisers Inc. PA decreased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,399 shares of the company’s stock after selling 2,222 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Royal Caribbean Cruises were worth $2,300,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. TLP Group LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $105,000. Acrospire Investment Management LLC boosted its position in shares of Royal Caribbean Cruises by 25.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after purchasing an additional 200 shares during the period. NEXT Financial Group Inc boosted its position in shares of Royal Caribbean Cruises by 9.0% in the 2nd quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock valued at $119,000 after purchasing an additional 90 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $119,000. Finally, Pinebridge Investments L.P. acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $121,000. Institutional investors and hedge funds own 71.25% of the company’s stock.
Shares of Royal Caribbean Cruises Ltd. (RCL) opened at $123.18 on Friday. The stock has a market capitalization of $26,497.37, a PE ratio of 17.28, a PEG ratio of 0.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.12 and a current ratio of 0.15. Royal Caribbean Cruises Ltd. has a 1-year low of $75.15 and a 1-year high of $128.09.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.95%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, September 21st. Royal Caribbean Cruises’s payout ratio is currently 33.71%.
In other news, EVP Harri U. Kulovaara sold 7,580 shares of Royal Caribbean Cruises stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $119.61, for a total transaction of $906,643.80. Following the completion of the sale, the executive vice president now directly owns 23,493 shares in the company, valued at approximately $2,809,997.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total value of $2,425,800.00. Following the sale, the chief executive officer now owns 927,741 shares of the company’s stock, valued at $112,525,705.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,580 shares of company stock valued at $8,225,444. 15.30% of the stock is owned by corporate insiders.
A number of research firms recently weighed in on RCL. BidaskClub lowered Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. UBS AG reiterated a “buy” rating and issued a $131.00 price target (up previously from $112.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Buckingham Research increased their price target on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $134.00 price target on shares of Royal Caribbean Cruises in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $123.04.
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Royal Caribbean Cruises Profile
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).
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