20,552 Shares in Royal Caribbean Cruises Ltd (RCL) Purchased by Nicholas Investment Partners LP

Nicholas Investment Partners LP purchased a new position in Royal Caribbean Cruises Ltd (NYSE:RCL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,552 shares of the company’s stock, valued at approximately $2,436,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RCL. Ameriprise Financial Inc. raised its position in shares of 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 in the last quarter. American Century Companies Inc. raised its position in shares of Royal Caribbean Cruises by 158.3% in the 3rd quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after purchasing an additional 841,498 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after purchasing an additional 673,608 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Royal Caribbean Cruises by 1,754.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock valued at $74,756,000 after purchasing an additional 647,483 shares in the last quarter. Finally, Capital Growth Management LP acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $61,933,000. Hedge funds and other institutional investors own 73.28% of the company’s stock.

A number of equities analysts have issued reports on the company. UBS reaffirmed a “buy” rating and issued a $131.00 target price (up from $112.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Macquarie lowered Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Thursday, November 30th. Wedbush reaffirmed an “outperform” rating and issued a $129.00 target price (up from $125.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Finally, BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Caribbean Cruises presently has an average rating of “Buy” and an average target price of $126.02.

Royal Caribbean Cruises Ltd (NYSE:RCL) traded down $2.26 during mid-day trading on Wednesday, hitting $122.82. The company had a trading volume of 1,267,900 shares, compared to its average volume of 1,559,653. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. The firm has a market cap of $26,778.24, a price-to-earnings ratio of 16.86, a P/E/G ratio of 0.75 and a beta of 1.06. Royal Caribbean Cruises Ltd has a twelve month low of $80.60 and a twelve month high of $133.75.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.43 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.20 EPS. equities research analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.95%. Royal Caribbean Cruises’s dividend payout ratio is currently 32.43%.

In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 60,000 shares of company stock worth $7,415,000. Corporate insiders own 15.30% of the company’s stock.

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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).

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

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