ING Groep NV grew its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 90.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,285 shares of the company’s stock after purchasing an additional 7,724 shares during the quarter. ING Groep NV’s holdings in Royal Caribbean Cruises were worth $1,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BT Investment Management Ltd boosted its stake in Royal Caribbean Cruises by 15.9% during the 4th quarter. BT Investment Management Ltd now owns 104,602 shares of the company’s stock worth $12,477,000 after acquiring an additional 14,380 shares during the last quarter. Bank of The West boosted its stake in Royal Caribbean Cruises by 1.9% during the 4th quarter. Bank of The West now owns 26,340 shares of the company’s stock worth $3,142,000 after acquiring an additional 497 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Royal Caribbean Cruises by 5.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 12,895 shares of the company’s stock worth $1,538,000 after acquiring an additional 637 shares during the last quarter. NorthCoast Asset Management LLC boosted its stake in Royal Caribbean Cruises by 1,047.4% during the 4th quarter. NorthCoast Asset Management LLC now owns 243,736 shares of the company’s stock worth $29,073,000 after acquiring an additional 222,493 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Royal Caribbean Cruises by 73.0% during the 4th quarter. American Century Companies Inc. now owns 2,375,875 shares of the company’s stock worth $283,394,000 after acquiring an additional 1,002,700 shares during the last quarter. 67.28% of the stock is currently owned by institutional investors.

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $124.47 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.15 and a current ratio of 0.18. The company has a market cap of $29,275.21, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.11. Royal Caribbean Cruises Ltd has a fifty-two week low of $93.40 and a fifty-two week high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.20 by $0.14. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. equities analysts anticipate that Royal Caribbean Cruises Ltd will post 8.67 earnings per share for the current fiscal year.

In other Royal Caribbean Cruises news, CFO Jason T. Liberty sold 5,892 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $131.19, for a total transaction of $772,971.48. Following the sale, the chief financial officer now directly owns 43,972 shares in the company, valued at approximately $5,768,686.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total transaction of $2,460,000.00. Following the sale, the chief executive officer now owns 847,741 shares in the company, valued at $104,272,143. The disclosure for this sale can be found here. Insiders have sold a total of 53,296 shares of company stock worth $6,791,180 over the last 90 days. Corporate insiders own 15.30% of the company’s stock.

Several research firms recently weighed in on RCL. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Bank of America lifted their price objective on shares of Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Berenberg Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Finally, SunTrust Banks reissued a “buy” rating and set a $137.00 price objective on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus target price of $137.67.

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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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