Ladenburg Thalmann Financial Services Inc. Increases Holdings in Royal Caribbean Cruises Ltd (RCL)

Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 123.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,499 shares of the company’s stock after buying an additional 8,016 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Royal Caribbean Cruises were worth $1,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Royal Caribbean Cruises by 148.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock worth $12,836,000 after buying an additional 64,663 shares in the last quarter. Intrust Bank NA grew its holdings in shares of Royal Caribbean Cruises by 2.7% during the second quarter. Intrust Bank NA now owns 2,356 shares of the company’s stock worth $258,000 after buying an additional 61 shares in the last quarter. Fred Alger Management Inc. grew its holdings in shares of Royal Caribbean Cruises by 4.6% during the second quarter. Fred Alger Management Inc. now owns 22,658 shares of the company’s stock worth $2,475,000 after buying an additional 998 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Royal Caribbean Cruises by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,161 shares of the company’s stock worth $4,278,000 after buying an additional 3,472 shares in the last quarter. Finally, PGGM Investments grew its holdings in shares of Royal Caribbean Cruises by 198.8% during the third quarter. PGGM Investments now owns 288,965 shares of the company’s stock worth $34,254,000 after buying an additional 192,265 shares in the last quarter. Institutional investors and hedge funds own 73.28% of the company’s stock.

Royal Caribbean Cruises Ltd (NYSE:RCL) traded up $3.43 on Monday, reaching $125.09. 1,989,100 shares of the company’s stock traded hands, compared to its average volume of 1,551,544. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58. Royal Caribbean Cruises Ltd has a 12 month low of $81.59 and a 12 month high of $133.75. The stock has a market capitalization of $26,776.11, a P/E ratio of 16.86, a P/E/G ratio of 0.75 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm earned $3.20 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up .2% on a year-over-year basis. equities research analysts anticipate that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.40 annualized dividend and a yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio is currently 32.43%.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the completion of the sale, the chief executive officer now directly owns 895,416 shares in the company, valued at $110,816,684.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 60,000 shares of company stock valued at $7,449,200. 15.30% of the stock is owned by insiders.

A number of research firms recently issued reports on RCL. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Friday, September 22nd. Stifel Nicolaus restated a “buy” rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a report on Thursday, September 7th. SunTrust Banks restated a “buy” rating and issued a $126.00 target price on shares of Royal Caribbean Cruises in a report on Sunday, October 15th. Argus boosted their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, Buckingham Research boosted their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $127.28.

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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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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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