Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $123.76, for a total value 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 document filed with the SEC, which is available through this hyperlink.
Royal Caribbean Cruises Ltd. (RCL) traded down $0.97 during trading hours on Wednesday, reaching $123.51. The company’s stock had a trading volume of 1,818,800 shares, compared to its average volume of 1,579,349. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $26,649.79, a PE ratio of 16.78, a PEG ratio of 0.75 and a beta of 1.07. Royal Caribbean Cruises Ltd. has a twelve month low of $78.77 and a twelve month high of $133.75.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, beating the Zacks’ consensus estimate of $3.43 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $3.20 earnings per share. research analysts forecast that Royal Caribbean Cruises Ltd. will post 7.39 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 4.1% in 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 during the last quarter. BlackRock Inc. increased its holdings in shares of Royal Caribbean Cruises by 2.5% in the second quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock worth $1,159,838,000 after purchasing an additional 258,958 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Royal Caribbean Cruises by 105.3% in the third quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock worth $400,541,000 after purchasing an additional 1,732,995 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Royal Caribbean Cruises by 34.1% in the third quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock worth $200,683,000 after purchasing an additional 430,521 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Royal Caribbean Cruises by 158.3% in 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 during the last quarter. 73.01% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on RCL shares. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Friday, September 22nd. Argus raised their price target on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Berenberg Bank restated a “buy” rating and issued a $135.00 price target on shares of Royal Caribbean Cruises in a research note on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and issued a $134.00 price target on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. Finally, J P Morgan Chase & Co upgraded Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $111.00 to $130.00 in a research report on Thursday, July 20th. Two investment 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 stock. The stock currently 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).
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