Ifrah Financial Services Inc. purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,329 shares of the company’s stock, valued at approximately $276,000.
A number of other hedge funds have also made changes to their positions in the stock. Eqis Capital Management Inc. lifted its stake in Royal Caribbean Cruises by 0.3% in the second quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock worth $259,000 after acquiring an additional 8 shares during the period. Morse Asset Management Inc lifted its stake in Royal Caribbean Cruises by 0.7% in the second quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock worth $374,000 after acquiring an additional 25 shares during the period. Neuberger Berman Group LLC lifted its stake in Royal Caribbean Cruises by 1.2% in the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock worth $268,000 after acquiring an additional 28 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Royal Caribbean Cruises by 0.3% in 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 acquiring an additional 35 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Royal Caribbean Cruises by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,863 shares of the company’s stock worth $1,951,000 after purchasing an additional 58 shares in the last quarter. 73.01% of the stock is owned by institutional investors.
A number of research firms have issued reports on RCL. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Nomura increased their price objective on Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) upgraded Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $99.00 to $115.00 in a report on Wednesday, August 2nd. Deutsche Bank AG increased their price objective on Royal Caribbean Cruises from $102.00 to $114.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $139.00 price objective (up previously from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $126.33.
Royal Caribbean Cruises Ltd. (RCL) traded up $0.26 during midday trading on Tuesday, reaching $124.48. The company had a trading volume of 1,342,000 shares, compared to its average volume of 1,578,256. Royal Caribbean Cruises Ltd. has a 52 week low of $78.77 and a 52 week high of $133.75. The company has a market cap of $26,594.12, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 0.75 and a beta of 1.07. 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 (NYSE:RCL) last released its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the company earned $3.20 EPS. Royal Caribbean Cruises’s revenue for the quarter was up .2% on a year-over-year basis. equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 7.39 EPS for the current year.
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In related news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $125.70, for a total value of $2,514,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.30% of the stock is currently owned by company insiders.
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).
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