TIAA FSB bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 82,148 shares of the company’s stock, valued at approximately $9,738,000.
A number of other institutional investors and hedge funds have also bought and sold shares of RCL. TLP Group LLC purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $105,000. Acrospire Investment Management LLC increased its position in Royal Caribbean Cruises by 25.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after buying an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the 1st quarter valued at about $119,000. NEXT Financial Group Inc increased its position in Royal Caribbean Cruises by 9.0% during the 2nd quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock valued at $119,000 after buying an additional 90 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in Royal Caribbean Cruises during the 2nd quarter valued at about $121,000. Institutional investors own 71.12% of the company’s stock.
Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) opened at $124.22 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $78.77 and a one year high of $133.75. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $27,118.64, a price-to-earnings ratio of 17.07, a PEG ratio of 0.76 and a beta of 1.07.
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, beating the Zacks’ 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 return on equity of 16.64% and a net margin of 18.41%. Royal Caribbean Cruises’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $3.20 earnings per share. sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 7.4 EPS for the current fiscal year.
In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of Royal Caribbean Cruises stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $119.61, for a total transaction of $906,643.80. Following the completion of the sale, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at approximately $2,809,997.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $125.70, for a total value of $2,514,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,580 shares of company stock valued at $8,225,444. 15.30% of the stock is currently owned by company insiders.
A number of brokerages have recently weighed in on RCL. SunTrust Banks, Inc. restated a “buy” rating and issued a $137.00 target price on shares of Royal Caribbean Cruises in a research note on Friday. Deutsche Bank AG upped their target price on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research note on Wednesday. Buckingham Research increased their price target on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and set a $139.00 price target (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $126.33.
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Royal Caribbean Cruises Company 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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