Shellback Capital LP acquired a new position in Royal Caribbean Cruises Ltd (NYSE:RCL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,000 shares of the company’s stock, valued at approximately $7,157,000.
Other hedge funds also recently bought and sold shares of the company. IFG Advisory LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter worth about $641,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Royal Caribbean Cruises in the third quarter worth about $119,000. ClariVest Asset Management LLC acquired a new stake in Royal Caribbean Cruises in the third quarter worth about $142,000. Assetmark Inc. lifted its holdings in Royal Caribbean Cruises by 198.1% in the third quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock worth $145,000 after purchasing an additional 814 shares during the period. Finally, Squar Milner Financial Services LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter worth about $207,000. 74.42% of the stock is owned by institutional investors and hedge funds.
RCL has been the subject of several research analyst reports. ValuEngine raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a report on Wednesday, January 17th. SunTrust Banks upped their price target on shares of Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Berenberg Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $150.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus target price of $137.67.
In other news, CEO Lisa Lutoff-Perlo sold 7,404 shares of the company’s 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 transaction, the chief executive officer now owns 33,979 shares in the company, valued at approximately $4,571,874.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $128.10, for a total value of $2,562,000.00. Following the completion of the transaction, the chief executive officer now owns 807,741 shares in the company, valued at approximately $103,471,622.10. The disclosure for this sale can be found here. Insiders have sold 120,799 shares of company stock valued at $15,556,896 over the last ninety days. Insiders own 15.30% of the company’s stock.
Royal Caribbean Cruises Ltd (NYSE RCL) traded up $0.10 during mid-day trading on Friday, reaching $124.75. 1,262,084 shares of the company’s stock were exchanged, compared to its average volume of 1,575,211. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59. Royal Caribbean Cruises Ltd has a 52 week low of $93.86 and a 52 week high of $135.65. The stock has a market capitalization of $26,590.00, a price-to-earnings ratio of 16.57, a PEG ratio of 0.69 and a beta of 1.13.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the firm earned $1.23 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. analysts forecast that Royal Caribbean Cruises Ltd will post 8.7 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders 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 yield of 1.92%. The ex-dividend date of this dividend is Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is presently 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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