Millennium Management LLC Takes $11.20 Million Position in Royal Caribbean Cruises (RCL)

Millennium Management LLC acquired a new stake in Royal Caribbean Cruises (NYSE:RCL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 93,892 shares of the company’s stock, valued at approximately $11,199,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RCL. Buckingham Capital Management Inc. lifted its position in shares of Royal Caribbean Cruises by 9.8% in the third quarter. Buckingham Capital Management Inc. now owns 19,599 shares of the company’s stock valued at $2,323,000 after buying an additional 1,747 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Royal Caribbean Cruises in the third quarter valued at approximately $7,169,000. OxFORD Asset Management LLP lifted its position in shares of Royal Caribbean Cruises by 309.2% in the third quarter. OxFORD Asset Management LLP now owns 14,880 shares of the company’s stock valued at $1,743,000 after buying an additional 11,244 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Royal Caribbean Cruises by 10.1% in the third quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock valued at $11,551,000 after buying an additional 8,960 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Royal Caribbean Cruises by 10.6% in the third quarter. Private Advisor Group LLC now owns 4,988 shares of the company’s stock valued at $620,000 after buying an additional 479 shares during the last quarter. 74.41% of the stock is owned by institutional investors.

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In other news, CEO Bradley H. Stein sold 8,528 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was 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 owns 17,341 shares in the company, valued at $2,156,179.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total value of $2,562,000.00. Following 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. In the last quarter, insiders have sold 120,799 shares of company stock worth $15,556,896. 15.30% of the stock is owned by corporate insiders.

Shares of NYSE RCL opened at $114.83 on Friday. The company has a market cap of $25,183.91, a PE ratio of 15.25, a PEG ratio of 0.64 and a beta of 1.23. 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 has a 1-year low of $93.86 and a 1-year high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.14. The company had revenue of $2 billion for the quarter, compared to analyst estimates 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 company earned $1.23 earnings per share. equities research analysts predict that Royal Caribbean Cruises will post 8.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Wednesday, March 7th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, March 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.09%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 31.87%.

A number of research firms have recently issued reports on RCL. ValuEngine cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Thursday. Bank of America raised their price objective on Royal Caribbean Cruises from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. JPMorgan Chase raised their price objective on Royal Caribbean Cruises from $139.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $136.93.

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About Royal Caribbean Cruises

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

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