Guggenheim Capital LLC boosted its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 275,631 shares of the company’s stock after purchasing an additional 18,080 shares during the quarter. Guggenheim Capital LLC owned approximately 0.12% of Royal Caribbean Cruises worth $32,877,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. ETRADE Capital Management LLC boosted its stake in Royal Caribbean Cruises by 1.7% in the 4th quarter. ETRADE Capital Management LLC now owns 24,190 shares of the company’s stock worth $2,885,000 after purchasing an additional 402 shares during the period. Amalgamated Bank boosted its stake in Royal Caribbean Cruises by 2.2% in the 3rd quarter. Amalgamated Bank now owns 19,703 shares of the company’s stock worth $2,336,000 after purchasing an additional 429 shares during the period. Eqis Capital Management Inc. boosted its stake in Royal Caribbean Cruises by 13.0% in the 4th quarter. Eqis Capital Management Inc. now owns 3,837 shares of the company’s stock worth $458,000 after purchasing an additional 441 shares during the period. BKD Wealth Advisors LLC boosted its stake in Royal Caribbean Cruises by 13.8% in the 4th quarter. BKD Wealth Advisors LLC now owns 3,798 shares of the company’s stock worth $453,000 after purchasing an additional 460 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Royal Caribbean Cruises by 10.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,988 shares of the company’s stock worth $620,000 after purchasing an additional 479 shares during the period. Institutional investors and hedge funds own 74.41% of the company’s stock.
In related news, CEO Lisa Lutoff-Perlo sold 7,404 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $134.55, for a total transaction of $996,208.20. Following the sale, the chief executive officer now owns 33,979 shares in the company, valued at approximately $4,571,874.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $128.10, for a total value of $2,562,000.00. Following the sale, the chief executive officer now owns 807,741 shares in the company, valued at approximately $103,471,622.10. The disclosure for this sale can be found here. Insiders have sold a total of 120,799 shares of company stock worth $15,556,896 in the last 90 days. 15.30% of the stock is currently owned by insiders.
Several research analysts have weighed in on RCL shares. Macquarie downgraded Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a research note on Thursday, November 30th. ValuEngine downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. SunTrust Banks upped their price target on Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $137.67.
RCL stock opened at $124.86 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $26,594.65, a P/E ratio of 16.58, a PEG ratio of 0.68 and a beta of 1.13. Royal Caribbean Cruises Ltd has a 52-week low of $93.86 and a 52-week high of $135.65.
Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 EPS. sell-side analysts predict that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio is currently 31.87%.
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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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