Royal Caribbean Cruises Ltd (RCL) Holdings Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,024 shares of the company’s stock after acquiring an additional 1,707 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Royal Caribbean Cruises were worth $2,729,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Royal Caribbean Cruises by 26.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 5,420 shares of the company’s stock valued at $592,000 after buying an additional 1,117 shares during the period. Sei Investments Co. raised its position in shares of Royal Caribbean Cruises by 0.5% during the 2nd quarter. Sei Investments Co. now owns 49,650 shares of the company’s stock worth $5,423,000 after buying an additional 240 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Royal Caribbean Cruises by 36.8% during the 2nd quarter. Global X Management Co. LLC now owns 4,022 shares of the company’s stock worth $439,000 after buying an additional 1,081 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of Royal Caribbean Cruises by 3.8% during the 2nd quarter. Wetherby Asset Management Inc. now owns 3,702 shares of the company’s stock worth $404,000 after buying an additional 137 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Royal Caribbean Cruises by 5.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 567,176 shares of the company’s stock worth $61,953,000 after buying an additional 29,833 shares in the last quarter. 73.28% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Ltd (NYSE:RCL) traded up $0.22 during mid-day trading on Tuesday, reaching $125.45. 902,800 shares of the company’s stock traded hands, compared to its average volume of 1,553,810. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13. Royal Caribbean Cruises Ltd has a 12 month low of $81.59 and a 12 month high of $133.75. The company has a market capitalization of $26,810.35, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the company earned $3.20 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up .2% on a year-over-year basis. sell-side analysts expect that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Wednesday, December 20th. Royal Caribbean Cruises’s payout ratio is 32.43%.

In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $125.70, for a total value of $2,514,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 60,000 shares of company stock valued at $7,415,000 over the last 90 days. 15.30% of the stock is owned by corporate insiders.

A number of analysts recently commented on RCL shares. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Friday, September 22nd. Argus boosted their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $134.00 price objective on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. Deutsche Bank boosted their target price on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, Macquarie downgraded shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $127.28.

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Royal Caribbean Cruises 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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