Royal Caribbean Cruises Ltd. (RCL) Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 34.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,692,957 shares of the company’s stock after purchasing an additional 430,521 shares during the period. Bank of New York Mellon Corp owned about 0.79% of Royal Caribbean Cruises worth $200,683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. TLP Group LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $105,000. Acrospire Investment Management LLC grew its position in shares of Royal Caribbean Cruises by 25.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after buying an additional 200 shares in the last quarter. Pinebridge Investments L.P. bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $121,000. Oppenheimer Asset Management Inc. grew its position in shares of Royal Caribbean Cruises by 9.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock worth $146,000 after buying an additional 119 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of Royal Caribbean Cruises by 89.6% during the 3rd quarter. Huntington National Bank now owns 1,346 shares of the company’s stock worth $160,000 after buying an additional 636 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company’s stock.

A number of equities analysts have recently issued reports on RCL shares. Bank of America Corporation started coverage on Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating and a $123.00 price target on the stock. Goldman Sachs Group, Inc. (The) started coverage on Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating on the stock. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research report on Thursday, July 27th. BidaskClub downgraded Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Wedbush increased their price target on Royal Caribbean Cruises from $125.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $126.33.

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In other news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $125.70, for a total value of $2,514,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 60,000 shares of company stock valued at $7,415,000. Company insiders own 15.30% of the company’s stock.

Royal Caribbean Cruises Ltd. (RCL) opened at $124.40 on Monday. Royal Caribbean Cruises Ltd. has a 12 month low of $78.77 and a 12 month high of $133.75. The stock has a market capitalization of $26,630.00, a PE ratio of 16.76, a PEG ratio of 0.75 and a beta of 1.07. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the business posted $3.20 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. research analysts anticipate that Royal Caribbean Cruises Ltd. will post 7.39 EPS for the current year.

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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