LS Investment Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,731 shares of the company’s stock after acquiring an additional 1,196 shares during the quarter. LS Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $560,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in RCL. FMR LLC increased its position in shares of Royal Caribbean Cruises by 16.5% during the second quarter. FMR LLC now owns 5,861,019 shares of the company’s stock worth $607,202,000 after acquiring an additional 830,047 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Royal Caribbean Cruises by 317.2% during the third quarter. Point72 Asset Management L.P. now owns 1,061,455 shares of the company’s stock worth $137,925,000 after acquiring an additional 807,055 shares during the last quarter. Royal London Asset Management Ltd. increased its position in shares of Royal Caribbean Cruises by 804.6% during the third quarter. Royal London Asset Management Ltd. now owns 661,674 shares of the company’s stock worth $135,938,000 after acquiring an additional 588,527 shares during the last quarter. Impala Asset Management LLC increased its position in shares of Royal Caribbean Cruises by 1,081.1% during the third quarter. Impala Asset Management LLC now owns 455,747 shares of the company’s stock worth $59,220,000 after acquiring an additional 417,160 shares during the last quarter. Finally, Pictet Asset Management Ltd. purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth about $52,509,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Royal Caribbean Cruises stock opened at $114.84 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.15. The stock has a market capitalization of $24.00 billion, a P/E ratio of 12.96, a PEG ratio of 0.83 and a beta of 1.55. Royal Caribbean Cruises Ltd has a fifty-two week low of $89.48 and a fifty-two week high of $133.60.
In other Royal Caribbean Cruises news, Director Bernt Reitan sold 1,578 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $106.58, for a total value of $168,183.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Fain bought 18,900 shares of the firm’s stock in a transaction on Thursday, December 13th. The stock was bought at an average price of $105.60 per share, with a total value of $1,995,840.00. Following the completion of the purchase, the chief executive officer now owns 842,537 shares of the company’s stock, valued at $88,971,907.20. The disclosure for this purchase can be found here. 15.26% of the stock is owned by insiders.
A number of analysts have recently issued reports on RCL shares. ValuEngine lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research report on Monday, February 4th. Tigress Financial reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Friday, December 7th. Nomura dropped their target price on Royal Caribbean Cruises from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, October 18th. Finally, Deutsche Bank set a $138.00 target price on Royal Caribbean Cruises and gave the stock a “buy” rating in a research report on Friday, October 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $140.08.
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About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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