Scout Investments Inc. cut its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 22.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,303 shares of the company’s stock after selling 46,108 shares during the period. Scout Investments Inc. owned 0.08% of Royal Caribbean Cruises worth $17,838,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Eqis Capital Management Inc. raised its stake in Royal Caribbean Cruises by 0.3% in the second quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock worth $259,000 after buying an additional 8 shares during the period. Granahan Investment Management Inc. MA raised its stake in Royal Caribbean Cruises by 0.4% in the first quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock worth $283,000 after buying an additional 11 shares during the period. Cleararc Capital Inc. raised its stake in Royal Caribbean Cruises by 0.6% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the company’s stock worth $402,000 after buying an additional 25 shares during the period. Morse Asset Management Inc raised its stake in Royal Caribbean Cruises by 0.7% in the second quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock worth $374,000 after buying an additional 25 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Royal Caribbean Cruises by 1.2% in the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock worth $268,000 after buying an additional 28 shares during the period. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 122.31 on Thursday. The firm has a 50-day moving average price of $116.02 and a 200 day moving average price of $106.22. Royal Caribbean Cruises Ltd. has a 12 month low of $65.10 and a 12 month high of $122.96. The company has a market cap of $26.31 billion, a P/E ratio of 17.16 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, 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 research firms have issued reports on RCL. Nomura raised their target price on Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Wedbush raised their price objective on Royal Caribbean Cruises from $125.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Buckingham Research raised their price objective on Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co upgraded Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $111.00 to $130.00 in a research report on Thursday, July 20th. Finally, Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and an average price target of $118.34.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 210,706 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total value of $24,406,075.98. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $112,093,440.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the transaction, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $106,083,768.42. The disclosure for this sale can be found here. Insiders sold 460,079 shares of company stock valued at $53,714,055 over the last three months. 15.30% of the stock is currently 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).

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

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