Invictus RG lifted its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 167.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,539 shares of the company’s stock after purchasing an additional 1,590 shares during the period. Invictus RG’s holdings in Royal Caribbean Cruises were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. TLP Group LLC purchased a new position in Royal Caribbean Cruises during the second quarter valued at $105,000. Acrospire Investment Management LLC grew its stake in Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after acquiring an additional 200 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Royal Caribbean Cruises during the third quarter valued at $119,000. Pinebridge Investments L.P. purchased a new position in Royal Caribbean Cruises during the second quarter valued at $121,000. Finally, ClariVest Asset Management LLC purchased a new position in Royal Caribbean Cruises during the third quarter valued at $142,000. 73.28% of the stock is owned by institutional investors.
RCL has been the subject of several research analyst reports. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research note on Tuesday, August 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $134.00 price objective on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. Argus lifted their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. SunTrust Banks reissued a “buy” rating and issued a $126.00 price objective on shares of Royal Caribbean Cruises in a research note on Sunday, October 15th. Finally, Buckingham Research lifted their price objective on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $127.28.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.43 by $0.06. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.57 billion. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $3.20 EPS. equities research analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.40 annualized dividend and a dividend yield of 1.95%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 32.43%.
In other news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $123.76, for a total value of $2,475,200.00. Following the completion of the sale, the chief executive officer now owns 895,416 shares in the company, valued at approximately $110,816,684.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 60,000 shares of company stock valued at $7,415,000 in the last 90 days. Company insiders own 15.30% of the company’s stock.
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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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