Rothschild Investment Corp IL Acquires 2,055 Shares of Royal Caribbean Cruises Ltd (NYSE:RCL)

Share on StockTwits

Rothschild Investment Corp IL grew its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 2.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 79,695 shares of the company’s stock after purchasing an additional 2,055 shares during the quarter. Royal Caribbean Cruises comprises approximately 1.0% of Rothschild Investment Corp IL’s holdings, making the stock its 27th largest position. Rothschild Investment Corp IL’s holdings in Royal Caribbean Cruises were worth $8,633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Gradient Investments LLC increased its stake in shares of Royal Caribbean Cruises by 11,379.8% in the 3rd quarter. Gradient Investments LLC now owns 13,661 shares of the company’s stock valued at $1,480,000 after purchasing an additional 13,542 shares during the last quarter. CX Institutional increased its stake in shares of Royal Caribbean Cruises by 31,145.1% in the 3rd quarter. CX Institutional now owns 15,935 shares of the company’s stock valued at $1,726,000 after purchasing an additional 15,884 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of Royal Caribbean Cruises by 22.9% in the 3rd quarter. Bogart Wealth LLC now owns 536 shares of the company’s stock valued at $58,000 after purchasing an additional 100 shares during the last quarter. Lucia Wealth Services LLC increased its stake in shares of Royal Caribbean Cruises by 44.3% in the 3rd quarter. Lucia Wealth Services LLC now owns 7,307 shares of the company’s stock valued at $792,000 after purchasing an additional 2,243 shares during the last quarter. Finally, Cerebellum GP LLC increased its stake in shares of Royal Caribbean Cruises by 33.9% in the 3rd quarter. Cerebellum GP LLC now owns 4,032 shares of the company’s stock valued at $437,000 after purchasing an additional 1,020 shares during the last quarter. Institutional investors own 72.80% of the company’s stock.

Several equities analysts have recently issued reports on RCL shares. Argus lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $150.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, July 26th. ValuEngine upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co lifted their price target on Royal Caribbean Cruises from $155.00 to $158.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Finally, Deutsche Bank decreased their price target on Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $144.30.

In related news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $108.46, for a total transaction of $2,169,200.00. Following the sale, the chief executive officer now owns 905,651 shares of the company’s stock, valued at approximately $98,226,907.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lawrence R. Pimentel sold 10,518 shares of the firm’s stock in a transaction 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 directly owns 55,909 shares in the company, valued at approximately $6,052,149.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,518 shares of company stock worth $5,420,974. 13.07% of the stock is currently owned by company insiders.

Shares of NYSE RCL traded up $3.94 during mid-day trading on Friday, hitting $107.55. 177,207 shares of the stock traded hands, compared to its average volume of 1,452,347. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd has a twelve month low of $89.48 and a twelve month high of $131.04. The company has a market cap of $21.17 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.99 and a beta of 1.40. The firm has a 50 day simple moving average of $107.18 and a two-hundred day simple moving average of $115.16.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.45 by $0.09. Royal Caribbean Cruises had a return on equity of 17.39% and a net margin of 17.82%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the business posted $2.27 EPS. Royal Caribbean Cruises’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd will post 9.63 earnings per share for the current fiscal year.

The company also recently disclosed a 0.70000 dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.78 per share. This represents a dividend yield of 2.8%. The ex-dividend date is Thursday, September 19th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 35.21%.

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.

See Also: Using other technical indicators with support levels

Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd (NYSE:RCL).

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

Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.