Royal Caribbean Cruises Ltd (RCL) Shares Sold by Anchor Bolt Capital LP
Anchor Bolt Capital LP lessened its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 34.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 289,043 shares of the company’s stock after selling 154,252 shares during the period. Anchor Bolt Capital LP owned approximately 0.14% of Royal Caribbean Cruises worth $34,263,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Royal Caribbean Cruises by 4.1% during the 2nd 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. grew its position in Royal Caribbean Cruises by 2.5% during the 2nd 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. grew its position in Royal Caribbean Cruises by 105.3% during the 3rd 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 grew its position in Royal Caribbean Cruises by 34.1% during the 3rd 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. grew its position in Royal Caribbean Cruises by 158.3% during the 3rd 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. 73.28% of the stock is currently owned by institutional investors.
Royal Caribbean Cruises Ltd (RCL) traded up $0.20 on Thursday, hitting $123.02. 1,370,500 shares of the company traded hands, compared to its average volume of 1,558,848. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. Royal Caribbean Cruises Ltd has a 1 year low of $80.60 and a 1 year high of $133.75. The firm has a market cap of $26,294.40, a PE ratio of 16.55, a P/E/G ratio of 0.73 and a beta of 1.06.
Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the business posted $3.20 EPS. The business’s revenue was up .2% compared to the same quarter last year. analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 32.43%.
In related news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $125.70, for a total value of $2,514,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 60,000 shares of company stock valued at $7,415,000. Company insiders own 15.30% of the company’s stock.
RCL has been the subject of several research reports. Stifel Nicolaus restated a “buy” rating and set a $134.00 price objective on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Friday, September 1st. SunTrust Banks restated a “buy” rating and set a $137.00 price objective on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. Argus lifted their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Deutsche Bank lifted their price objective on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus target price of $127.28.
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Royal Caribbean Cruises 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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