Bank of Montreal Can increased its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 15.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 256,494 shares of the company’s stock after buying an additional 34,133 shares during the quarter. Bank of Montreal Can owned about 0.12% of Royal Caribbean Cruises worth $31,089,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in RCL. Front Row Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 475.0% during the first quarter. Front Row Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after buying an additional 190 shares during the last quarter. Rational Advisors LLC raised its position in shares of Royal Caribbean Cruises by 1,060.0% during the 1st quarter. Rational Advisors LLC now owns 232 shares of the company’s stock worth $27,000 after purchasing an additional 212 shares during the last quarter. FinTrust Capital Advisors LLC lifted its stake in Royal Caribbean Cruises by 5,040.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 252 shares in the last quarter. Central Bank & Trust Co. purchased a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $37,000. Finally, Parkside Financial Bank & Trust grew its holdings in Royal Caribbean Cruises by 92.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock valued at $40,000 after buying an additional 166 shares during the last quarter. 72.97% of the stock is currently owned by hedge funds and other institutional investors.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $110.22, for a total transaction of $2,204,400.00. Following the completion of the transaction, the chief executive officer now owns 910,639 shares of the company’s stock, valued at approximately $100,370,630.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lawrence R. Pimentel sold 10,518 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $108.25, for a total value of $1,138,573.50. Following the sale, the chief executive officer now owns 55,909 shares of the company’s stock, valued at approximately $6,052,149.25. The disclosure for this sale can be found here. Insiders have sold 70,518 shares of company stock valued at $7,625,374 in the last ninety days. Company insiders own 13.07% of the company’s stock.
Shares of NYSE:RCL traded up $0.55 during midday trading on Wednesday, hitting $114.30. 54,455 shares of the company’s stock traded hands, compared to its average volume of 1,339,633. The company has a market cap of $23.18 billion, a PE ratio of 12.90, a P/E/G ratio of 1.08 and a beta of 1.37. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises Ltd has a twelve month low of $89.48 and a twelve month high of $133.60. The firm’s fifty day moving average price is $108.23 and its two-hundred day moving average price is $116.54.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.45 by $0.09. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.79 billion. Royal Caribbean Cruises had a return on equity of 17.39% and a net margin of 17.82%. Royal Caribbean Cruises’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 EPS. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd will post 9.65 EPS for the current fiscal year.
The business also recently announced a 0.70000 dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 2.8%. Royal Caribbean Cruises’s payout ratio is currently 31.60%.
RCL has been the subject of a number of analyst reports. Argus cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Deutsche Bank cut their target price on shares of Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Co lifted their price target on shares of Royal Caribbean Cruises from $155.00 to $158.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Finally, Nomura reduced their price objective on shares of Royal Caribbean Cruises from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Royal Caribbean Cruises currently has an average rating of “Hold” and an average target price of $144.82.
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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.
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