Zurcher Kantonalbank Zurich Cantonalbank Has $5.07 Million Position in Royal Caribbean Cruises Ltd (RCL)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,031 shares of the company’s stock after selling 1,132 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Caribbean Cruises were worth $5,072,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Royal Caribbean Cruises by 2.2% in the 2nd quarter. BlackRock Inc. now owns 11,120,672 shares of the company’s stock valued at $1,152,098,000 after purchasing an additional 236,598 shares during the period. FMR LLC lifted its stake in shares of Royal Caribbean Cruises by 16.5% in the 2nd quarter. FMR LLC now owns 5,861,019 shares of the company’s stock valued at $607,202,000 after purchasing an additional 830,047 shares during the period. American Century Companies Inc. lifted its stake in shares of Royal Caribbean Cruises by 0.9% in the 3rd quarter. American Century Companies Inc. now owns 1,987,668 shares of the company’s stock valued at $258,278,000 after purchasing an additional 16,918 shares during the period. Wells Fargo & Company MN raised its stake in Royal Caribbean Cruises by 22.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,512,908 shares of the company’s stock worth $196,587,000 after buying an additional 279,259 shares during the period. Finally, Vontobel Asset Management Inc. raised its stake in Royal Caribbean Cruises by 443.4% during the 2nd quarter. Vontobel Asset Management Inc. now owns 1,346,249 shares of the company’s stock worth $143,300,000 after buying an additional 1,098,502 shares during the period. Institutional investors and hedge funds own 71.50% of the company’s stock.

A number of research analysts recently weighed in on the company. Citigroup dropped their price target on Royal Caribbean Cruises from $136.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Wells Fargo & Co dropped their price target on Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. ValuEngine downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Deutsche Bank set a $138.00 price target on Royal Caribbean Cruises and gave the stock a “buy” rating in a research note on Friday, October 26th. Finally, Nomura dropped their price target on Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus price target of $139.62.

RCL traded up $0.08 during midday trading on Friday, reaching $111.71. 5,513 shares of the company were exchanged, compared to its average volume of 1,484,636. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 0.19. The firm has a market capitalization of $23.52 billion, a P/E ratio of 14.80, a P/E/G ratio of 0.92 and a beta of 1.34. Royal Caribbean Cruises Ltd has a one year low of $97.48 and a one year high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, October 25th. The company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.01. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.82 billion. Royal Caribbean Cruises had a return on equity of 16.93% and a net margin of 19.46%. On average, equities analysts forecast that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current year.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $125.55, for a total transaction of $828,630.00. Following the completion of the sale, the executive vice president now directly owns 26,165 shares of the company’s stock, valued at approximately $3,285,015.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bernt Reitan sold 1,578 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $106.58, for a total value of $168,183.24. The disclosure for this sale can be found here. Insiders own 15.26% of the company’s stock.

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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.

Further Reading: The Role of a Fiduciary and Individual Investors

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

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