HAP Trading LLC reduced its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 73.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,697 shares of the company’s stock after selling 46,903 shares during the quarter. HAP Trading LLC’s holdings in Royal Caribbean Cruises were worth $1,992,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. IFG Advisory LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $641,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $119,000. ClariVest Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $142,000. Assetmark Inc. grew its position in shares of Royal Caribbean Cruises by 198.1% in the 3rd quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock valued at $145,000 after purchasing an additional 814 shares during the period. Finally, Huntington National Bank grew its position in shares of Royal Caribbean Cruises by 89.6% in the 3rd quarter. Huntington National Bank now owns 1,346 shares of the company’s stock valued at $160,000 after purchasing an additional 636 shares during the period. Institutional investors own 66.05% of the company’s stock.
In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total transaction of $2,562,000.00. Following the sale, the chief executive officer now owns 807,741 shares in the company, valued at approximately $103,471,622.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jason T. Liberty sold 5,892 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $131.19, for a total value of $772,971.48. Following the sale, the chief financial officer now owns 43,972 shares in the company, valued at approximately $5,768,686.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,895 shares of company stock worth $11,554,161. Company insiders own 15.30% of the company’s stock.
RCL has been the subject of several research analyst reports. Buckingham Research boosted their price objective on Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks reiterated a “buy” rating and issued a $137.00 price objective on shares of Royal Caribbean Cruises in a research report on Friday, November 10th. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Wednesday, January 17th. Finally, Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $137.67.
Shares of Royal Caribbean Cruises Ltd (NYSE RCL) opened at $131.68 on Monday. The company has a market capitalization of $30,970.99, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd has a 12 month low of $93.40 and a 12 month high of $135.65.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.14. The firm had revenue of $2 billion for 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 business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 EPS. equities research analysts expect that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Wednesday, March 7th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is currently 31.87%.
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About Royal Caribbean Cruises
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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