ARP Americas LP acquired a new position in Royal Caribbean Cruises Ltd (NYSE:RCL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,721 shares of the company’s stock, valued at approximately $338,000.
Several other institutional investors and hedge funds have also made changes to their positions in RCL. Sunbelt Securities Inc. purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at $4,139,000. First Command Bank increased its position in Royal Caribbean Cruises by 211.0% during the 2nd quarter. First Command Bank now owns 622 shares of the company’s stock valued at $32,000 after purchasing an additional 422 shares during the period. Valeo Financial Advisors LLC increased its position in Royal Caribbean Cruises by 67.1% during the 1st quarter. Valeo Financial Advisors LLC now owns 747 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Golden State Wealth Management LLC purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at $28,000. Finally, Sugarloaf Wealth Management LLC increased its position in Royal Caribbean Cruises by 28.9% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 891 shares of the company’s stock valued at $45,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 66.86% of the company’s stock.
In other Royal Caribbean Cruises news, Director Donald Thompson acquired 20,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $53.24 per share, for a total transaction of $1,064,800.00. 13.09% of the stock is currently owned by corporate insiders.
RCL traded down $1.59 during midday trading on Friday, hitting $48.71. 7,496,630 shares of the company traded hands, compared to its average volume of 11,267,574. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $10.20 billion, a PE ratio of 57.99 and a beta of 2.50. The company’s 50-day moving average is $52.28 and its 200 day moving average is $63.46. Royal Caribbean Cruises Ltd has a 52 week low of $19.25 and a 52 week high of $135.32.
Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Wednesday, May 20th. The company reported ($1.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.85). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. Royal Caribbean Cruises had a net margin of 1.75% and a return on equity of 12.34%. Royal Caribbean Cruises’s revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 EPS. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd will post -14.6 earnings per share for the current fiscal year.
A number of brokerages have issued reports on RCL. Wells Fargo & Co reissued an “overweight” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, May 5th. Nomura Securities reduced their target price on shares of Royal Caribbean Cruises from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Credit Suisse Group began coverage on shares of Royal Caribbean Cruises in a research report on Thursday, May 21st. They issued an “outperform” rating and a $67.00 target price on the stock. Barclays downgraded shares of Royal Caribbean Cruises from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $55.00 to $50.00 in a research report on Wednesday, June 24th. Finally, SunTrust Banks downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $80.11.
About Royal Caribbean Cruises
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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