Verition Fund Management LLC increased its stake in shares of Royal Caribbean Cruises (NYSE:RCL) by 421.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,064 shares of the company’s stock after buying an additional 16,219 shares during the period. Verition Fund Management LLC’s holdings in Royal Caribbean Cruises were worth $2,393,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in Royal Caribbean Cruises by 105.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after purchasing an additional 1,732,995 shares during the period. American Century Companies Inc. increased its position in Royal Caribbean Cruises by 73.0% during the 4th quarter. American Century Companies Inc. now owns 2,375,875 shares of the company’s stock worth $283,394,000 after purchasing an additional 1,002,700 shares in the last quarter. Bank of Montreal Can increased its position in Royal Caribbean Cruises by 71.1% in the 4th quarter. Bank of Montreal Can now owns 1,241,654 shares of the company’s stock valued at $148,103,000 after acquiring an additional 515,962 shares during the period. Carillon Tower Advisers Inc. acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $54,540,000. Finally, Bank of New York Mellon Corp increased its position in Royal Caribbean Cruises by 34.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock valued at $200,683,000 after acquiring an additional 430,521 shares during the period. 74.41% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Bradley H. Stein sold 8,528 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $124.34, for a total transaction of $1,060,371.52. Following the transaction, the chief executive officer now directly owns 17,341 shares of the company’s stock, valued at $2,156,179.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $128.10, for a total transaction of $2,562,000.00. Following the completion of the transaction, the chief executive officer now directly owns 807,741 shares in the company, valued at $103,471,622.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,799 shares of company stock worth $15,556,896. 15.30% of the stock is owned by insiders.
Several equities analysts have issued reports on the stock. SunTrust Banks upped their price target on shares of Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Berenberg Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. ValuEngine raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note 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 on the stock in a research note on Wednesday, January 17th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $145.00 price objective (up from $139.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $136.93.
Shares of NYSE RCL opened at $114.83 on Friday. The firm has a market cap of $24,976.57, a P/E ratio of 15.25, a P/E/G ratio of 0.64 and a beta of 1.23. Royal Caribbean Cruises has a 12-month low of $93.86 and a 12-month high of $135.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.15 and a current ratio of 0.18.
Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.14. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. Royal Caribbean Cruises’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 earnings per share. equities research analysts predict that Royal Caribbean Cruises will post 8.7 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Wednesday, March 7th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is presently 31.87%.
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Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.
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