Vinva Investment Management Ltd Has $13.86 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

Vinva Investment Management Ltd lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,417 shares of the company’s stock after buying an additional 6,495 shares during the period. Vinva Investment Management Ltd’s holdings in Royal Caribbean Cruises were worth $13,858,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Royal Caribbean Cruises during the second quarter worth about $1,021,893,000. Vanguard Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 3.2% in the second quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock worth $9,270,252,000 after acquiring an additional 929,414 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Royal Caribbean Cruises by 560.9% in the third quarter. TD Asset Management Inc now owns 676,645 shares of the company’s stock worth $218,949,000 after acquiring an additional 574,256 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $172,488,000. Finally, American Century Companies Inc. raised its position in shares of Royal Caribbean Cruises by 91.7% during the second quarter. American Century Companies Inc. now owns 1,087,660 shares of the company’s stock worth $340,590,000 after purchasing an additional 520,353 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 90,910 shares of Royal Caribbean Cruises stock in a transaction on Friday, February 13th. The shares were sold at an average price of $326.81, for a total value of $29,710,297.10. Following the sale, the chief executive officer directly owned 218,822 shares in the company, valued at approximately $71,513,217.82. The trade was a 29.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arne Alexander Wilhelmsen sold 356,026 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $318.39, for a total transaction of $113,355,118.14. Following the sale, the director directly owned 16,681,386 shares in the company, valued at $5,311,186,488.54. This trade represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,967,319 shares of company stock valued at $626,681,935 in the last 90 days. 6.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RCL shares. Jefferies Financial Group boosted their price objective on Royal Caribbean Cruises from $275.00 to $334.00 and gave the company a “hold” rating in a research report on Friday, January 30th. UBS Group cut their price target on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $368.00 to $371.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Tigress Financial upped their price target on shares of Royal Caribbean Cruises from $415.00 to $425.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $373.00 to $383.00 and gave the stock an “overweight” rating in a research report on Sunday, February 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.29.

Royal Caribbean Cruises Stock Down 1.7%

NYSE:RCL opened at $278.32 on Friday. The stock has a 50-day simple moving average of $304.23 and a 200 day simple moving average of $302.26. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a market cap of $75.29 billion, a PE ratio of 17.83, a PEG ratio of 0.91 and a beta of 1.87. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.16 and a current ratio of 0.18.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, January 29th. The company reported $2.80 EPS for the quarter, meeting the consensus estimate of $2.80. Royal Caribbean Cruises had a return on equity of 45.06% and a net margin of 23.80%.The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the business posted $1.63 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises announced that its board has initiated a stock repurchase program on Wednesday, December 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 6th will be given a $1.50 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $1.00. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Royal Caribbean Cruises’s payout ratio is presently 25.62%.

About Royal Caribbean Cruises

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel?agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.