Vident Investment Advisory LLC Purchases Shares of 3,886 Royal Caribbean Cruises Ltd (RCL)

Vident Investment Advisory LLC purchased a new stake in Royal Caribbean Cruises Ltd (NYSE:RCL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,886 shares of the company’s stock, valued at approximately $461,000.

Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Royal Caribbean Cruises by 148.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock worth $12,836,000 after acquiring an additional 64,663 shares during the last quarter. Intrust Bank NA lifted its holdings in shares of Royal Caribbean Cruises by 2.7% in the 2nd quarter. Intrust Bank NA now owns 2,356 shares of the company’s stock worth $258,000 after acquiring an additional 61 shares during the last quarter. Fred Alger Management Inc. lifted its holdings in shares of Royal Caribbean Cruises by 4.6% in the 2nd quarter. Fred Alger Management Inc. now owns 22,658 shares of the company’s stock worth $2,475,000 after acquiring an additional 998 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Royal Caribbean Cruises by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,161 shares of the company’s stock worth $4,278,000 after acquiring an additional 3,472 shares during the last quarter. Finally, PGGM Investments lifted its holdings in shares of Royal Caribbean Cruises by 198.8% in the 3rd quarter. PGGM Investments now owns 288,965 shares of the company’s stock worth $34,254,000 after acquiring an additional 192,265 shares during the last quarter. 73.28% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $123.76, for a total value of $2,475,200.00. Following the sale, the chief executive officer now directly owns 895,416 shares in the company, valued at approximately $110,816,684.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 60,000 shares of company stock worth $7,449,200 over the last 90 days. Company insiders own 15.30% of the company’s stock.

Several brokerages have recently commented on RCL. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Wedbush restated an “outperform” rating and issued a $139.00 price objective (up from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Macquarie lowered shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Thursday, November 30th. SunTrust Banks restated a “buy” rating and issued a $126.00 price objective on shares of Royal Caribbean Cruises in a report on Sunday, October 15th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $135.00 price objective (up from $128.00) on shares of Royal Caribbean Cruises in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $127.28.

Royal Caribbean Cruises Ltd (NYSE RCL) traded up $3.43 during trading on Monday, reaching $125.09. 1,989,100 shares of the company’s stock were exchanged, compared to its average volume of 1,551,544. The firm has a market cap of $26,776.11, a price-to-earnings ratio of 16.86, a PEG ratio of 0.75 and a beta of 1.06. Royal Caribbean Cruises Ltd has a 12 month low of $81.59 and a 12 month high of $133.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 32.43%.

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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).

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

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