Buckingham Capital Management Inc. Has $2.32 Million Stake in Royal Caribbean Cruises Ltd. (RCL)

Buckingham Capital Management Inc. boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,599 shares of the company’s stock after purchasing an additional 1,747 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Royal Caribbean Cruises were worth $2,323,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in RCL. Ameriprise Financial Inc. grew its holdings in Royal Caribbean Cruises by 105.3% in the third quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after purchasing an additional 1,732,995 shares during the period. American Century Companies Inc. lifted its position in shares of Royal Caribbean Cruises by 158.3% during the third quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock worth $162,776,000 after purchasing an additional 841,498 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Royal Caribbean Cruises by 4.1% during the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after purchasing an additional 673,608 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Royal Caribbean Cruises by 1,754.5% during the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after purchasing an additional 647,483 shares in the last quarter. Finally, Capital Growth Management LP acquired a new position in shares of Royal Caribbean Cruises during the second quarter worth $61,933,000. Hedge funds and other institutional investors own 73.01% of the company’s stock.

Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up $0.27 during trading on Friday, hitting $122.79. 1,368,500 shares of the stock traded hands, compared to its average volume of 1,575,962. The company has a market capitalization of $26,410.00, a price-to-earnings ratio of 16.51, a P/E/G ratio of 0.74 and a beta of 1.07. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.77 and a fifty-two week high of $133.75.

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

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In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the completion of the transaction, the chief executive officer now owns 895,416 shares in the company, valued at $110,816,684.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 60,000 shares of company stock valued at $7,415,000 in the last 90 days. Insiders own 15.30% of the company’s stock.

A number of research firms have recently commented on RCL. Wedbush reissued an “outperform” rating and set a $139.00 target price (up from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Buckingham Research boosted their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank AG 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, SunTrust Banks, Inc. reissued a “buy” rating and set a $126.00 target price on shares of Royal Caribbean Cruises in a research report on Sunday, October 15th. 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 issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus 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).

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

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