Royal Caribbean Cruises Ltd. (RCL) CEO Sells $2,475,200.00 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $123.76, for a total value of $2,475,200.00. Following the completion of the sale, the chief executive officer now owns 895,416 shares in the company, valued at approximately $110,816,684.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Royal Caribbean Cruises Ltd. (RCL) opened at $122.79 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.77 and a fifty-two week high of $133.75. The company has a market capitalization of $26,230.17, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the firm earned $3.20 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. equities research analysts expect that Royal Caribbean Cruises Ltd. will post 7.39 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its holdings in shares of Royal Caribbean Cruises by 148.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock valued at $12,836,000 after acquiring an additional 64,663 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $290,000. Intrust Bank NA raised its holdings in shares of Royal Caribbean Cruises by 2.7% during the second quarter. Intrust Bank NA now owns 2,356 shares of the company’s stock valued at $258,000 after acquiring an additional 61 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Royal Caribbean Cruises by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,161 shares of the company’s stock valued at $4,278,000 after acquiring an additional 3,472 shares during the last quarter. Finally, Fred Alger Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 4.6% during the second quarter. Fred Alger Management Inc. now owns 22,658 shares of the company’s stock valued at $2,475,000 after acquiring an additional 998 shares during the last quarter. 73.01% of the stock is owned by institutional investors and hedge funds.

RCL has been the topic of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a research note on Thursday, August 3rd. UBS AG restated a “buy” rating and issued a $131.00 target price (up previously from $112.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, August 2nd. Buckingham Research upped their target price on Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research note on Thursday, July 27th. Finally, Nomura upped their target price on Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen 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 an average target price of $126.33.

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).

Insider Buying and Selling by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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