Royal Caribbean Cruises Ltd. (RCL) Holdings Trimmed by Sentry Investment Management LLC

Sentry Investment Management LLC lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 19.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,005 shares of the company’s stock after selling 2,224 shares during the quarter. Sentry Investment Management LLC’s holdings in Royal Caribbean Cruises were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Eqis Capital Management Inc. increased its position in Royal Caribbean Cruises by 0.3% during the second quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock worth $259,000 after buying an additional 8 shares during the last quarter. Granahan Investment Management Inc. MA increased its position in Royal Caribbean Cruises by 0.4% during the first quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock worth $283,000 after buying an additional 11 shares during the last quarter. Morse Asset Management Inc increased its position in Royal Caribbean Cruises by 0.7% during the second quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock worth $374,000 after buying an additional 25 shares during the last quarter. Neuberger Berman Group LLC increased its position in Royal Caribbean Cruises by 1.2% during the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock worth $268,000 after buying an additional 28 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Royal Caribbean Cruises by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,463 shares of the company’s stock worth $1,361,000 after buying an additional 35 shares during the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) traded up 0.20% during midday trading on Friday, hitting $121.36. The company had a trading volume of 321,786 shares. The company has a market capitalization of $26.11 billion, a price-to-earnings ratio of 17.03 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a 12-month low of $67.53 and a 12-month high of $128.09. The company’s 50-day moving average price is $120.97 and its 200 day moving average price is $112.78.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business earned $1.09 EPS. Royal Caribbean Cruises’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post $7.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Friday, September 22nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, September 21st. Royal Caribbean Cruises’s payout ratio is currently 33.71%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $119.61, for a total value of $906,643.80. Following the completion of the transaction, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at approximately $2,809,997.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bernt Reitan sold 4,793 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $117.22, for a total transaction of $561,835.46. Following the completion of the transaction, the director now directly owns 7,862 shares of the company’s stock, valued at $921,583.64. The disclosure for this sale can be found here. Insiders sold a total of 480,079 shares of company stock valued at $56,461,455 over the last quarter. 15.30% of the stock is owned by company insiders.

A number of equities analysts have weighed in on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $126.00 price target on shares of Royal Caribbean Cruises in a research report on Sunday, October 15th. Argus boosted their price target on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $134.00 price target on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus price target of $123.04.

WARNING: “Royal Caribbean Cruises Ltd. (RCL) Holdings Trimmed by Sentry Investment Management LLC” was posted by The Ledger Gazette and is the property of of

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Eqis Capital Management Inc. increased its position in Royal Caribbean Cruises by 0.3% during the second quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock worth $259,000 after buying an additional 8 shares during the last quarter. Granahan Investment Management Inc. MA increased its position in Royal Caribbean Cruises by 0.4% during the first quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock worth $283,000 after buying an additional 11 shares during the last quarter. Morse Asset Management Inc increased its position in Royal Caribbean Cruises by 0.7% during the second quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock worth $374,000 after buying an additional 25 shares during the last quarter. Neuberger Berman Group LLC increased its position in Royal Caribbean Cruises by 1.2% during the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock worth $268,000 after buying an additional 28 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Royal Caribbean Cruises by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,463 shares of the company’s stock worth $1,361,000 after buying an additional 35 shares during the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) traded up 0.20% during midday trading on Friday, hitting $121.36. The company had a trading volume of 321,786 shares. The company has a market capitalization of $26.11 billion, a price-to-earnings ratio of 17.03 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a 12-month low of $67.53 and a 12-month high of $128.09. The company’s 50-day moving average price is $120.97 and its 200 day moving average price is $112.78.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business earned $1.09 EPS. Royal Caribbean Cruises’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post $7.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Friday, September 22nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, September 21st. Royal Caribbean Cruises’s payout ratio is currently 33.71%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $119.61, for a total value of $906,643.80. Following the completion of the transaction, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at approximately $2,809,997.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bernt Reitan sold 4,793 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $117.22, for a total transaction of $561,835.46. Following the completion of the transaction, the director now directly owns 7,862 shares of the company’s stock, valued at $921,583.64. The disclosure for this sale can be found here. Insiders sold a total of 480,079 shares of company stock valued at $56,461,455 over the last quarter. 15.30% of the stock is owned by company insiders.

A number of equities analysts have weighed in on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $126.00 price target on shares of Royal Caribbean Cruises in a research report on Sunday, October 15th. Argus boosted their price target on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $134.00 price target on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus price target of $123.04.

WARNING: “Royal Caribbean Cruises Ltd. (RCL) Holdings Trimmed by Sentry Investment Management LLC” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/20/royal-caribbean-cruises-ltd-rcl-holdings-trimmed-by-sentry-investment-management-llc.html.

About Royal Caribbean Cruises

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).

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

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