Fred Alger Management Inc. reduced its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 60.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,728 shares of the company’s stock after selling 14,698 shares during the quarter. Fred Alger Management Inc.’s holdings in Royal Caribbean Cruises were worth $1,160,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in shares of Royal Caribbean Cruises by 10.1% in the third quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock worth $11,551,000 after acquiring an additional 8,960 shares during the period. Invictus RG lifted its stake in shares of Royal Caribbean Cruises by 167.5% in the third quarter. Invictus RG now owns 2,539 shares of the company’s stock worth $301,000 after acquiring an additional 1,590 shares during the period. Schroder Investment Management Group lifted its stake in shares of Royal Caribbean Cruises by 39.5% in the fourth quarter. Schroder Investment Management Group now owns 84,602 shares of the company’s stock worth $10,091,000 after acquiring an additional 23,956 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Royal Caribbean Cruises by 12.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,993 shares of the company’s stock worth $1,659,000 after acquiring an additional 1,530 shares during the period. Finally, Affinity Investment Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 469.1% in the fourth quarter. Affinity Investment Advisors LLC now owns 104,765 shares of the company’s stock worth $12,496,000 after acquiring an additional 86,355 shares during the period. 74.42% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on RCL shares. Berenberg Bank lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating and set a $135.00 price target on the stock. in a research note on Tuesday, November 14th. Macquarie lowered Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research note on Thursday, November 30th. ValuEngine lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. SunTrust Banks boosted their price target on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $137.67.
Shares of Royal Caribbean Cruises Ltd (RCL) opened at $125.95 on Wednesday. The company has a market capitalization of $26,774.20, a P/E ratio of 16.64, a PEG ratio of 0.69 and a beta of 1.13. Royal Caribbean Cruises Ltd has a 1-year low of $93.86 and a 1-year high of $135.65. 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 data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters’ 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 company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share. sell-side analysts expect that Royal Caribbean Cruises Ltd will post 8.7 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Wednesday, March 7th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, March 6th. This represents a $2.40 annualized dividend and a dividend yield of 1.91%. Royal Caribbean Cruises’s dividend payout ratio is 31.87%.
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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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