Svenska Handelsbanken AB publ increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 35.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,500 shares of the company’s stock after buying an additional 3,500 shares during the period. Royal Caribbean Cruises comprises approximately 2.2% of Svenska Handelsbanken AB publ’s portfolio, making the stock its 18th largest position. Svenska Handelsbanken AB publ’s holdings in Royal Caribbean Cruises were worth $1,475,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RCL. BlackRock Inc. raised its stake in shares of Royal Caribbean Cruises by 3,290.6% in the first quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock worth $1,016,356,000 after buying an additional 10,053,823 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,504,950 shares of the company’s stock worth $1,619,301,000 after buying an additional 555,260 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Royal Caribbean Cruises by 9,025.9% in the second quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock worth $58,075,000 after buying an additional 525,851 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $55,926,000. Finally, Wells Fargo & Company MN raised its stake in shares of Royal Caribbean Cruises by 50.6% in the first quarter. Wells Fargo & Company MN now owns 1,454,631 shares of the company’s stock worth $142,714,000 after buying an additional 488,740 shares in the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 120.44 on Monday. The stock has a market capitalization of $25.91 billion, a price-to-earnings ratio of 16.90 and a beta of 1.06. The firm’s 50 day moving average is $116.02 and its 200 day moving average is $106.22. Royal Caribbean Cruises Ltd. has a 52-week low of $65.10 and a 52-week high of $122.96.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the firm earned $1.09 EPS. Royal Caribbean Cruises’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current year.

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A number of analysts have recently issued reports on RCL shares. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Deutsche Bank AG lowered their target price on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating for the company in a research note on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) boosted their target price on shares of Royal Caribbean Cruises from $90.00 to $94.00 and gave the company a “sell” rating in a research note on Monday, May 1st. Wells Fargo & Company reissued an “outperform” rating and set a $119.50 target price (up from $117.50) on shares of Royal Caribbean Cruises in a research note on Tuesday, May 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $118.34.

In other Royal Caribbean Cruises news, Director Bernt Reitan sold 4,793 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $117.22, for a total transaction of $561,835.46. Following the transaction, the director now owns 7,862 shares of the company’s stock, valued at approximately $921,583.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Harri U. Kulovaara sold 7,580 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $119.61, for a total value of $906,643.80. Following the transaction, the executive vice president now directly owns 23,493 shares in the company, valued at approximately $2,809,997.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 460,079 shares of company stock valued at $53,714,055. 15.30% of the stock is owned by insiders.

About Royal Caribbean Cruises

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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