Copper Rock Capital Partners LLC purchased a new stake in Royal Caribbean Cruises Ltd (NYSE:RCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 120,431 shares of the company’s stock, valued at approximately $14,558,000. Copper Rock Capital Partners LLC owned about 0.06% of Royal Caribbean Cruises as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in RCL. TLP Group LLC bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $105,000. Acrospire Investment Management LLC lifted its stake in shares of Royal Caribbean Cruises by 25.0% in the 2nd 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 shares of Royal Caribbean Cruises in the 3rd quarter valued at $119,000. Pinebridge Investments L.P. bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $121,000. Finally, ClariVest Asset Management LLC bought a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at $142,000. Institutional investors own 73.16% of the company’s stock.
Shares of Royal Caribbean Cruises Ltd (NYSE RCL) opened at $121.09 on Tuesday. 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 $84.03 and a 1-year high of $133.75. The firm has a market capitalization of $25,920.00, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the business posted $3.20 EPS. The business’s revenue was up .2% compared to the same quarter last year. sell-side analysts predict that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 21st were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.98%. Royal Caribbean Cruises’s payout ratio is currently 32.04%.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 895,416 shares in the company, valued at approximately $110,816,684.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 60,000 shares of company stock valued at $7,449,200. Company insiders own 15.30% of the company’s stock.
A number of research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $139.00 price target (up from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Deutsche Bank increased their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Buckingham Research increased their price target on Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $126.00 price target on shares of Royal Caribbean Cruises in a research note on Sunday, October 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus 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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