Great West Life Assurance Co. Can Reduces Position in Royal Caribbean Cruises Ltd (RCL)

Great West Life Assurance Co. Can cut its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,088 shares of the company’s stock after selling 16,404 shares during the period. Great West Life Assurance Co. Can owned approximately 0.08% of Royal Caribbean Cruises worth $21,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in 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 acquiring an additional 236,598 shares in the last quarter. FMR LLC increased 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 last quarter. American Century Companies Inc. increased 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 last quarter. Wells Fargo & Company MN increased its stake in shares of Royal Caribbean Cruises by 22.6% in the 3rd quarter. Wells Fargo & Company MN now owns 1,512,908 shares of the company’s stock valued at $196,587,000 after purchasing an additional 279,259 shares during the last quarter. Finally, Vontobel Asset Management Inc. increased its stake in shares of Royal Caribbean Cruises by 443.4% in the 2nd quarter. Vontobel Asset Management Inc. now owns 1,346,249 shares of the company’s stock valued at $143,300,000 after purchasing an additional 1,098,502 shares during the last quarter. 71.50% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Citigroup decreased 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. Deutsche Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $146.00 in a research note on Wednesday, August 29th. Macquarie lifted their price target on Royal Caribbean Cruises from $103.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, October 26th. Bank of America lifted their price target on Royal Caribbean Cruises from $138.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Finally, Nomura decreased their price target on Royal Caribbean Cruises from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, October 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and an average target price of $139.62.

In related news, EVP Harri U. Kulovaara sold 6,600 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 26,165 shares in the company, valued at approximately $3,285,015.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bernt Reitan sold 1,578 shares of the business’s stock in a transaction 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.

Shares of RCL stock opened at $113.07 on Monday. The firm has a market cap of $23.63 billion, a P/E ratio of 15.02, a PEG ratio of 0.93 and a beta of 1.34. Royal Caribbean Cruises Ltd has a twelve month low of $97.48 and a twelve month high of $135.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, October 25th. The company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.01. The business had revenue of $2.80 billion for 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%. Equities research analysts expect that Royal Caribbean Cruises Ltd will post 8.83 EPS for the current fiscal year.

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

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