Bradley H. Stein Sells 8,528 Shares of Royal Caribbean Cruises Ltd (RCL) Stock

Royal Caribbean Cruises Ltd (NYSE:RCL) CEO Bradley H. Stein sold 8,528 shares of Royal Caribbean Cruises stock in a transaction on Friday, February 9th. The shares were sold at an average price of $124.34, for a total transaction of $1,060,371.52. Following the completion of the sale, the chief executive officer now directly owns 17,341 shares of the company’s stock, valued at $2,156,179.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Royal Caribbean Cruises Ltd (RCL) traded up $4.80 during trading on Monday, reaching $129.27. 2,067,385 shares of the company traded hands, compared to its average volume of 1,643,979. Royal Caribbean Cruises Ltd has a 1-year low of $93.40 and a 1-year high of $135.65. The stock has a market capitalization of $27,430.00, a PE ratio of 17.17, a PEG ratio of 0.65 and a beta of 1.10. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59.

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

RCL has been the subject of several research analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $126.00 price target on shares of Royal Caribbean Cruises in a research note on Sunday, October 15th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $135.00 price target (up from $128.00) on shares of Royal Caribbean Cruises in a research note on Monday, November 6th. Wedbush reaffirmed an “outperform” rating and issued a $139.00 price target (up from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Stifel Nicolaus lifted 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 note on Wednesday, November 8th. Finally, Buckingham Research lifted 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 note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $137.67.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RCL. Ameriprise Financial Inc. boosted its stake in Royal Caribbean Cruises by 105.3% in the third quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after acquiring an additional 1,732,995 shares during the last quarter. American Century Companies Inc. boosted its stake in Royal Caribbean Cruises by 73.0% in the fourth quarter. American Century Companies Inc. now owns 2,375,875 shares of the company’s stock valued at $283,394,000 after acquiring an additional 1,002,700 shares during the last quarter. Bank of Montreal Can boosted its stake in Royal Caribbean Cruises by 71.1% in the fourth quarter. Bank of Montreal Can now owns 1,241,654 shares of the company’s stock valued at $148,103,000 after acquiring an additional 515,962 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at about $54,540,000. Finally, Bank of New York Mellon Corp boosted its stake in Royal Caribbean Cruises by 34.1% in the third quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock valued at $200,683,000 after acquiring an additional 430,521 shares during the last quarter. Hedge funds and other institutional investors own 67.28% 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).

Insider Buying and Selling by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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