Beech Hill Advisors Inc. Boosts Position in Royal Caribbean Cruises Ltd (NYSE:RCL)

Beech Hill Advisors Inc. raised its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 161.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,400 shares of the company’s stock after acquiring an additional 31,730 shares during the period. Royal Caribbean Cruises makes up about 3.2% of Beech Hill Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Beech Hill Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $6,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of RCL. Nuveen Asset Management LLC increased its position in Royal Caribbean Cruises by 1,302.9% during the second quarter. Nuveen Asset Management LLC now owns 1,887,737 shares of the company’s stock valued at $228,812,000 after acquiring an additional 1,753,177 shares during the last quarter. Eminence Capital LP increased its position in Royal Caribbean Cruises by 68.6% during the second quarter. Eminence Capital LP now owns 1,483,567 shares of the company’s stock valued at $179,823,000 after acquiring an additional 603,580 shares during the last quarter. BlackRock Inc. increased its position in Royal Caribbean Cruises by 5.1% during the second quarter. BlackRock Inc. now owns 11,601,972 shares of the company’s stock valued at $1,406,276,000 after acquiring an additional 561,317 shares during the last quarter. Scout Investments Inc. increased its position in Royal Caribbean Cruises by 223.4% during the fourth quarter. Scout Investments Inc. now owns 721,428 shares of the company’s stock valued at $96,318,000 after acquiring an additional 498,352 shares during the last quarter. Finally, Nomura Holdings Inc. increased its position in Royal Caribbean Cruises by 691.6% during the third quarter. Nomura Holdings Inc. now owns 449,606 shares of the company’s stock valued at $47,171,000 after acquiring an additional 392,806 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

RCL has been the topic of a number of research analyst reports. Nomura restated a “buy” rating and issued a $150.00 price target on shares of Royal Caribbean Cruises in a report on Wednesday, December 11th. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating and set a $133.00 price target on the stock. in a report on Wednesday, December 18th. Argus upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, January 9th. ValuEngine cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Finally, Berenberg Bank cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating and upped their price target for the stock from $125.00 to $127.00 in a report on Friday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $146.00.

In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $113.13, for a total value of $2,262,600.00. Following the completion of the sale, the chief executive officer now directly owns 826,351 shares of the company’s stock, valued at $93,485,088.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lawrence R. Pimentel sold 10,928 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $120.00, for a total transaction of $1,311,360.00. Following the completion of the sale, the chief executive officer now directly owns 58,335 shares of the company’s stock, valued at $7,000,200. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,928 shares of company stock valued at $8,606,360. 13.07% of the stock is owned by insiders.

Shares of NYSE RCL traded up $1.14 during mid-day trading on Friday, reaching $135.19. The company had a trading volume of 167,692 shares, compared to its average volume of 1,130,602. The business’s 50-day moving average is $128.52 and its 200-day moving average is $115.18. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 0.79. The stock has a market cap of $27.99 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.45. Royal Caribbean Cruises Ltd has a 52 week low of $100.47 and a 52 week high of $135.06.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $4.27 EPS for the quarter, missing the Zacks’ consensus estimate of $4.31 by ($0.04). Royal Caribbean Cruises had a return on equity of 17.67% and a net margin of 17.85%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the previous year, the company posted $3.98 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd will post 9.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 20th were paid a $0.78 dividend. The ex-dividend date was Thursday, December 19th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.70. This represents a $3.12 dividend on an annualized basis and a yield of 2.31%. Royal Caribbean Cruises’s dividend payout ratio is 35.21%.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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

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