Raleigh Capital Management Inc. Reduces Holdings in Royal Caribbean Cruises Ltd. $RCL

Raleigh Capital Management Inc. lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 90.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 169 shares of the company’s stock after selling 1,675 shares during the period. Raleigh Capital Management Inc.’s holdings in Royal Caribbean Cruises were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in RCL. Frazier Financial Advisors LLC grew its stake in Royal Caribbean Cruises by 27.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares during the last quarter. Prosperity Financial Group Inc. boosted its position in Royal Caribbean Cruises by 0.5% in the second quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock valued at $2,172,000 after buying an additional 32 shares during the last quarter. Westside Investment Management Inc. boosted its position in Royal Caribbean Cruises by 29.1% in the second quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock valued at $45,000 after buying an additional 32 shares during the last quarter. Versant Capital Management Inc increased its holdings in Royal Caribbean Cruises by 6.4% in the 3rd quarter. Versant Capital Management Inc now owns 562 shares of the company’s stock worth $182,000 after buying an additional 34 shares during the period. Finally, Rakuten Securities Inc. raised its position in Royal Caribbean Cruises by 16.1% during the 2nd quarter. Rakuten Securities Inc. now owns 252 shares of the company’s stock worth $79,000 after buying an additional 35 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on RCL shares. The Goldman Sachs Group upped their price target on shares of Royal Caribbean Cruises from $310.00 to $370.00 and gave the company a “buy” rating in a report on Friday. Barclays boosted their price objective on Royal Caribbean Cruises from $324.00 to $361.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank Of Canada set a $360.00 target price on Royal Caribbean Cruises in a report on Friday, October 31st. Bank of America lifted their price target on Royal Caribbean Cruises from $325.00 to $330.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, UBS Group lowered their price objective on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $347.81.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $326.39 on Wednesday. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The stock has a market cap of $89.01 billion, a PE ratio of 20.91, a P/E/G ratio of 0.92 and a beta of 1.91. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.16 and a current ratio of 0.18. The stock has a 50 day moving average price of $285.28 and a 200 day moving average price of $303.54.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.80 EPS for the quarter, meeting the consensus estimate of $2.80. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.28 billion. Royal Caribbean Cruises had a net margin of 23.80% and a return on equity of 45.06%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 EPS. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has approved a share buyback program on Wednesday, December 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 26th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 25.62%.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.