Sheaff Brock Investment Advisors LLC Acquires New Position in Royal Caribbean Cruises Ltd (RCL)

Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,718 shares of the company’s stock, valued at approximately $204,000.

Several other large investors have also recently modified their holdings of the company. Morse Asset Management Inc raised its stake in shares of Royal Caribbean Cruises by 0.7% during the second quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock valued at $374,000 after acquiring an additional 25 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Royal Caribbean Cruises by 1.2% during the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock valued at $268,000 after buying an additional 28 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Royal Caribbean Cruises by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,463 shares of the company’s stock valued at $1,361,000 after buying an additional 35 shares during the period. CIBC Asset Management Inc increased its position in shares of Royal Caribbean Cruises by 0.3% during the second quarter. CIBC Asset Management Inc now owns 17,863 shares of the company’s stock valued at $1,951,000 after buying an additional 58 shares during the period. Finally, Intrust Bank NA increased its position in shares of Royal Caribbean Cruises by 2.7% during the second quarter. Intrust Bank NA now owns 2,356 shares of the company’s stock valued at $258,000 after buying an additional 61 shares during the period. 73.28% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $139.00 price target (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Buckingham Research boosted their price target on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank boosted their price target on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, SunTrust Banks reiterated a “buy” rating and set a $126.00 price target on shares of Royal Caribbean Cruises in a research report on Sunday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $127.28.

Shares of Royal Caribbean Cruises Ltd (NYSE RCL) traded up $0.20 on Thursday, reaching $123.02. 1,370,500 shares of the company’s stock were exchanged, compared to its average volume of 1,558,848. The stock has a market capitalization of $26,294.40, a PE ratio of 16.55, a PEG ratio of 0.73 and a beta of 1.06. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58. 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 announced its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.20 earnings per share. sell-side analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 32.43%.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were 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 SEC, which is available at the SEC website. In the last 90 days, insiders 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 Company 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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