Royal Caribbean Cruises Ltd (RCL) Position Increased by BT Investment Management Ltd

BT Investment Management Ltd increased its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 15.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 104,602 shares of the company’s stock after purchasing an additional 14,380 shares during the period. BT Investment Management Ltd’s holdings in Royal Caribbean Cruises were worth $12,477,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its position in shares of Royal Caribbean Cruises by 148.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock worth $12,836,000 after buying an additional 64,663 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Royal Caribbean Cruises by 10.1% during the 3rd quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock worth $11,551,000 after buying an additional 8,960 shares during the last quarter. PGGM Investments lifted its position in shares of Royal Caribbean Cruises by 198.8% during the 3rd quarter. PGGM Investments now owns 288,965 shares of the company’s stock worth $34,254,000 after buying an additional 192,265 shares during the last quarter. Invictus RG lifted its position in shares of Royal Caribbean Cruises by 167.5% during the 3rd quarter. Invictus RG now owns 2,539 shares of the company’s stock worth $301,000 after buying an additional 1,590 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its position in shares of Royal Caribbean Cruises by 16.1% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 9,962 shares of the company’s stock worth $1,181,000 after buying an additional 1,379 shares during the last quarter. Institutional investors and hedge funds own 67.04% of the company’s stock.

Several analysts recently weighed in on the company. ValuEngine upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America upped their price objective on Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. upped their price objective on Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Stifel Nicolaus increased their target price 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. Finally, Wedbush reiterated an “outperform” rating and issued a $145.00 target price (up from $139.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $137.67.

Royal Caribbean Cruises Ltd (NYSE RCL) opened at $128.52 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.15. The company has a market capitalization of $27,420.00, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10. Royal Caribbean Cruises Ltd has a 1 year low of $93.40 and a 1 year high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.20 by $0.14. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $1.23 earnings per share. equities research analysts anticipate that Royal Caribbean Cruises Ltd will post 8.67 EPS for the current fiscal year.

In other news, CFO Jason T. Liberty sold 5,892 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $131.19, for a total value of $772,971.48. Following the completion of the sale, the chief financial officer now owns 43,972 shares of the company’s stock, valued at $5,768,686.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $134.55, for a total value of $996,208.20. Following the completion of the sale, the chief executive officer now directly owns 33,979 shares of the company’s stock, valued at approximately $4,571,874.45. The disclosure for this sale can be found here. In the last three months, insiders sold 73,296 shares of company stock valued at $9,266,380. Insiders own 15.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://sportsperspectives.com/2018/02/08/royal-caribbean-cruises-ltd-rcl-position-increased-by-bt-investment-management-ltd.html.

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).

Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd (NYSE:RCL).

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

Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply