Global Financial Private Capital LLC reduced its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,699 shares of the company’s stock after selling 1,275 shares during the period. Global Financial Private Capital LLC’s holdings in Royal Caribbean Cruises were worth $2,420,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of RCL. FMR LLC boosted its holdings in shares of Royal Caribbean Cruises by 16.5% in the second quarter. FMR LLC now owns 5,861,019 shares of the company’s stock worth $607,202,000 after acquiring an additional 830,047 shares during the period. Point72 Asset Management L.P. boosted its stake in Royal Caribbean Cruises by 317.2% during the third quarter. Point72 Asset Management L.P. now owns 1,061,455 shares of the company’s stock valued at $137,925,000 after buying an additional 807,055 shares during the period. Royal London Asset Management Ltd. boosted its stake in Royal Caribbean Cruises by 804.6% during the third quarter. Royal London Asset Management Ltd. now owns 661,674 shares of the company’s stock valued at $135,938,000 after buying an additional 588,527 shares during the period. Impala Asset Management LLC boosted its stake in Royal Caribbean Cruises by 1,081.1% during the third quarter. Impala Asset Management LLC now owns 455,747 shares of the company’s stock valued at $59,220,000 after buying an additional 417,160 shares during the period. Finally, Pictet Asset Management Ltd. bought a new stake in Royal Caribbean Cruises during the third quarter valued at $52,509,000. 71.78% of the stock is owned by hedge funds and other institutional investors.
NYSE:RCL opened at $116.29 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd has a 52-week low of $89.48 and a 52-week high of $133.60. The firm has a market cap of $24.30 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55.
In other news, CEO Richard D. Fain purchased 18,900 shares of the company’s stock in a transaction on Thursday, December 13th. The stock was purchased at an average price of $105.60 per share, with a total value of $1,995,840.00. Following the completion of the purchase, the chief executive officer now directly owns 842,537 shares in the company, valued at approximately $88,971,907.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bernt Reitan sold 1,578 shares of Royal Caribbean Cruises stock in a transaction dated 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.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Monday, February 4th. ValuEngine lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Wolfe Research set a $151.00 price objective on Royal Caribbean Cruises and gave the company a “buy” rating in a research note on Tuesday, December 11th. Tigress Financial reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Friday, December 7th. Finally, Citigroup dropped their price objective on Royal Caribbean Cruises from $136.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $140.08.
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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.
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