OxFORD Asset Management LLP boosted its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 309.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,880 shares of the company’s stock after acquiring an additional 11,244 shares during the period. OxFORD Asset Management LLP’s holdings in Royal Caribbean Cruises were worth $1,743,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. TLP Group LLC bought a new position in Royal Caribbean Cruises in the second quarter valued at about $105,000. Acrospire Investment Management LLC boosted its holdings in Royal Caribbean Cruises by 25.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after acquiring an additional 200 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Royal Caribbean Cruises in the third quarter valued at about $119,000. Pinebridge Investments L.P. bought a new position in Royal Caribbean Cruises in the second quarter valued at about $121,000. Finally, ClariVest Asset Management LLC bought a new position in Royal Caribbean Cruises in the third quarter valued at about $142,000. Institutional investors and hedge funds own 73.28% of the company’s stock.
In other news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the transaction, the chief executive officer now owns 895,416 shares in the company, valued at approximately $110,816,684.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 60,000 shares of company stock worth $7,449,200 in the last quarter. 15.30% of the stock is currently owned by company insiders.
Royal Caribbean Cruises Ltd (RCL) opened at $125.09 on Friday. 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 1-year low of $81.59 and a 1-year high of $133.75. The stock has a market capitalization of $26,046.06, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.73 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the business posted $3.20 EPS. Royal Caribbean Cruises’s revenue for the quarter was up .2% on a year-over-year basis. sell-side analysts expect 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. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 32.43%.
Several research firms recently issued reports on RCL. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Wedbush reiterated an “outperform” rating and issued a $139.00 price target (up previously from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Wells Fargo & Company restated an “outperform” rating and set a $135.00 target price (up previously from $128.00) on shares of Royal Caribbean Cruises in a report on Monday, November 6th. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Buckingham Research raised their target price on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Two research 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 stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and an average price target of $127.28.
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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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