Copper Rock Capital Partners LLC Purchases Shares of 120,431 Royal Caribbean Cruises Ltd (RCL)

Copper Rock Capital Partners LLC bought a new stake in Royal Caribbean Cruises Ltd (NYSE:RCL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 120,431 shares of the company’s stock, valued at approximately $14,558,000. Copper Rock Capital Partners LLC owned 0.06% of Royal Caribbean Cruises as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Neuberger Berman Group LLC lifted its holdings in Royal Caribbean Cruises by 1.2% in the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock valued at $268,000 after acquiring an additional 28 shares during the period. Commonwealth Bank of Australia lifted its holdings in Royal Caribbean Cruises by 0.3% in the second quarter. Commonwealth Bank of Australia now owns 20,725 shares of the company’s stock valued at $2,262,000 after acquiring an additional 70 shares during the period. Signet Financial Management LLC lifted its holdings in Royal Caribbean Cruises by 4.8% in the second quarter. Signet Financial Management LLC now owns 2,200 shares of the company’s stock valued at $240,000 after acquiring an additional 100 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Royal Caribbean Cruises by 9.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock valued at $146,000 after acquiring an additional 119 shares during the period. Finally, Eaton Vance Management lifted its holdings in Royal Caribbean Cruises by 0.4% in the second quarter. Eaton Vance Management now owns 42,927 shares of the company’s stock valued at $4,689,000 after acquiring an additional 165 shares during the period. 73.47% of the stock is owned by institutional investors.

Royal Caribbean Cruises Ltd (NYSE:RCL) traded up $0.27 during trading on Wednesday, reaching $133.55. The company had a trading volume of 1,455,622 shares, compared to its average volume of 1,480,000. The stock has a market cap of $28,590.00, a PE ratio of 17.74, a PEG ratio of 0.70 and a beta of 1.06. Royal Caribbean Cruises Ltd has a 1 year low of $92.65 and a 1 year high of $135.65. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. equities research analysts predict that Royal Caribbean Cruises Ltd will post 8.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio is presently 31.87%.

Several research analysts have recently issued reports on RCL shares. ValuEngine downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Deutsche Bank lifted their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Wedbush reaffirmed an “outperform” rating and set a $139.00 price target (up previously from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Buckingham Research lifted their price target on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Argus lifted their price target on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises has an average rating of “Buy” and a consensus price target of $137.67.

In related news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total transaction of $2,460,000.00. Following the completion of the sale, the chief executive officer now owns 847,741 shares in the company, valued at approximately $104,272,143. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of Royal Caribbean Cruises stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $134.55, for a total value of $996,208.20. Following the sale, the chief executive officer now owns 33,979 shares of the company’s stock, valued at approximately $4,571,874.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,296 shares of company stock valued at $9,266,380. 15.30% of the stock is currently owned by company insiders.

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Royal Caribbean Cruises 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).

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

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