Royal Caribbean Cruises Ltd (RCL) Stake Increased by Sterling Capital Management LLC

Sterling Capital Management LLC grew its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 18.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,500 shares of the company’s stock after buying an additional 1,300 shares during the period. Sterling Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $1,104,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RCL. Vontobel Asset Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 443.4% in the 2nd quarter. Vontobel Asset Management Inc. now owns 1,346,249 shares of the company’s stock valued at $143,300,000 after buying an additional 1,098,502 shares in the last quarter. FMR LLC boosted its holdings in shares of Royal Caribbean Cruises by 16.5% in the 2nd quarter. FMR LLC now owns 5,861,019 shares of the company’s stock valued at $607,202,000 after buying an additional 830,047 shares in the last quarter. Carillon Tower Advisers Inc. boosted its holdings in shares of Royal Caribbean Cruises by 190.9% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 517,396 shares of the company’s stock valued at $53,602,000 after buying an additional 339,521 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $26,356,000. Finally, BlackRock Inc. boosted its holdings in shares of Royal Caribbean Cruises by 2.2% in the 2nd quarter. BlackRock Inc. now owns 11,120,672 shares of the company’s stock valued at $1,152,098,000 after buying an additional 236,598 shares in the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the completion of the transaction, the executive vice president now directly owns 26,165 shares of the company’s stock, valued at approximately $3,285,015.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.26% of the company’s stock.

RCL stock opened at $107.17 on Friday. The company has a market capitalization of $22.79 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. Royal Caribbean Cruises Ltd has a 52 week low of $97.48 and a 52 week high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, October 25th. The company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd will post 8.83 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Friday, September 21st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, September 20th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 2.61%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 37.18%.

A number of research firms have recently weighed in on RCL. ValuEngine upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Macquarie raised their price target on shares of Royal Caribbean Cruises from $103.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, October 26th. Citigroup lowered their price target on shares of Royal Caribbean Cruises from $136.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Nomura lowered their price target on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Finally, Deutsche Bank set a $138.00 price target on shares of Royal Caribbean Cruises and gave the company a “buy” rating in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $139.29.

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About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

Read More: Price to Earnings Ratio (PE)

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

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