Levin Capital Strategies L.P. raised its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 24,167.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 382,944 shares of the company’s stock after purchasing an additional 381,366 shares during the period. Levin Capital Strategies L.P.’s holdings in Royal Caribbean Cruises were worth $37,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Exane Derivatives grew its holdings in Royal Caribbean Cruises by 3,509.1% during the fourth quarter. Exane Derivatives now owns 397 shares of the company’s stock valued at $39,000 after purchasing an additional 386 shares during the period. Financial Advantage Inc. bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $54,000. Advisors Asset Management Inc. bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $57,000. Essex Savings Bank bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $78,000. Finally, Private Capital Group LLC grew its holdings in Royal Caribbean Cruises by 27.9% during the fourth quarter. Private Capital Group LLC now owns 811 shares of the company’s stock valued at $80,000 after purchasing an additional 177 shares during the period. 71.78% of the stock is owned by institutional investors and hedge funds.

NYSE:RCL opened at $116.51 on Monday. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.83 and a beta of 1.55. Royal Caribbean Cruises Ltd has a 1 year low of $89.48 and a 1 year high of $133.60. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 0.75.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Wednesday, January 30th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the business posted $7.53 earnings per share. The business’s quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts predict that Royal Caribbean Cruises Ltd will post 9.95 earnings per share for the current fiscal year.

In related news, Director Bernt Reitan sold 1,578 shares of the stock in a transaction 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 SEC, which is available at the SEC website. Also, CEO Richard D. Fain acquired 18,900 shares of the stock in a transaction that occurred on Thursday, December 13th. The stock was acquired at an average price of $105.60 per share, for a total transaction of $1,995,840.00. Following the transaction, the chief executive officer now directly owns 842,537 shares of the company’s stock, valued at approximately $88,971,907.20. The disclosure for this purchase can be found here. Company insiders own 15.26% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a report on Monday, February 4th. Wolfe Research set a $151.00 target price on Royal Caribbean Cruises and gave the stock a “buy” rating in a research report on Tuesday, December 11th. Citigroup dropped their target price on Royal Caribbean Cruises from $136.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Macquarie increased their target price on Royal Caribbean Cruises from $103.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, October 26th. Finally, ValuEngine downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and an average target price 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.

Further Reading: QQQ ETF

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

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