1,860 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,860 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RCL. Acadian Asset Management LLC increased its position in shares of Royal Caribbean Cruises by 447.1% during the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock valued at $174,000 after buying an additional 1,453 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Royal Caribbean Cruises by 452.1% during the first quarter. Canada Pension Plan Investment Board now owns 41,275 shares of the company’s stock valued at $4,049,000 after buying an additional 33,799 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at about $232,000. LSV Asset Management purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at about $2,570,000. Finally, Princeton Alpha Management LP purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at about $294,000. Institutional investors own 71.60% of the company’s stock.

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A number of brokerages have weighed in on RCL. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Friday, September 1st. BidaskClub upgraded shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Wedbush restated an “outperform” rating and issued a $129.00 price objective (up previously from $125.00) on shares of Royal Caribbean Cruises in a report on Tuesday, August 8th. UBS AG restated a “buy” rating and issued a $131.00 price objective (up previously from $112.00) on shares of Royal Caribbean Cruises in a report on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Royal Caribbean Cruises to a “sell” rating in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $118.49.

In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total value of $2,425,800.00. Following the completion of the sale, the chief executive officer now owns 927,741 shares of the company’s stock, valued at $112,525,705.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fain sold 210,706 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at approximately $112,093,440.03. The disclosure for this sale can be found here. Insiders have sold 480,079 shares of company stock valued at $56,139,855 in the last ninety days. Insiders own 15.30% of the company’s stock.

Shares of Royal Caribbean Cruises Ltd. (RCL) traded down 2.81% during mid-day trading on Friday, hitting $120.08. 746,422 shares of the stock were exchanged. The stock’s 50-day moving average price is $119.51 and its 200-day moving average price is $108.56. The company has a market cap of $25.83 billion, a P/E ratio of 16.85 and a beta of 1.03. Royal Caribbean Cruises Ltd. has a 52-week low of $65.45 and a 52-week high of $125.00.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.60 per share. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, September 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.94%. Royal Caribbean Cruises’s dividend payout ratio is presently 26.97%.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

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

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