Schroder Investment Management Group increased its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 39.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 84,602 shares of the company’s stock after purchasing an additional 23,956 shares during the quarter. Schroder Investment Management Group’s holdings in Royal Caribbean Cruises were worth $10,091,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFG Advisory LLC purchased a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $641,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Royal Caribbean Cruises in the third quarter valued at approximately $119,000. ClariVest Asset Management LLC purchased a new stake in Royal Caribbean Cruises in the third quarter valued at approximately $142,000. Assetmark Inc. raised its position in Royal Caribbean Cruises by 198.1% in the third quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock valued at $145,000 after purchasing an additional 814 shares during the period. Finally, Huntington National Bank raised its position in Royal Caribbean Cruises by 89.6% in the third quarter. Huntington National Bank now owns 1,346 shares of the company’s stock valued at $160,000 after purchasing an additional 636 shares during the period. 66.05% of the stock is currently owned by institutional investors.
Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $128.86 on Wednesday. The company has a market cap of $27,872.87, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 0.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd has a 12 month low of $93.40 and a 12 month high of $135.65.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Wednesday, March 7th will be paid a $0.60 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $2.40 annualized dividend and a dividend yield of 1.86%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 31.87%.
A number of brokerages have issued reports on RCL. SunTrust Banks boosted their target price on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Berenberg Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Wedbush reissued an “outperform” rating and issued a $139.00 target price (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Wells Fargo & Co reissued an “outperform” rating and issued a $135.00 target price (up previously from $128.00) on shares of Royal Caribbean Cruises in a research report on Monday, November 6th. Finally, Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Royal Caribbean Cruises presently has an average rating of “Buy” and an average target price of $137.67.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total value of $2,460,000.00. Following the completion of the transaction, the chief executive officer now owns 847,741 shares in the company, valued at $104,272,143. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason T. Liberty sold 10,844 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.04, for a total transaction of $1,431,841.76. Following the completion of the transaction, the chief financial officer now owns 44,089 shares of the company’s stock, valued at approximately $5,821,511.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,799 shares of company stock valued at $15,490,296. Insiders own 15.30% of the company’s stock.
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Royal Caribbean Cruises Company 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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