DekaBank Deutsche Girozentrale Purchases 235,949 Shares of Royal Caribbean Cruises Ltd (NYSE:RCL)

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DekaBank Deutsche Girozentrale grew its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 88.3% during the second quarter, HoldingsChannel.com reports. The fund owned 503,206 shares of the company’s stock after acquiring an additional 235,949 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Royal Caribbean Cruises were worth $60,059,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RCL. Advisory Services Network LLC boosted its holdings in shares of Royal Caribbean Cruises by 22.0% in the 2nd quarter. Advisory Services Network LLC now owns 1,790 shares of the company’s stock worth $217,000 after purchasing an additional 323 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Royal Caribbean Cruises by 12.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 361,453 shares of the company’s stock worth $43,812,000 after purchasing an additional 39,643 shares during the period. Morse Asset Management Inc boosted its holdings in shares of Royal Caribbean Cruises by 47.6% in the 2nd quarter. Morse Asset Management Inc now owns 3,100 shares of the company’s stock worth $376,000 after purchasing an additional 1,000 shares during the period. Keybank National Association OH boosted its holdings in shares of Royal Caribbean Cruises by 29.9% in the 2nd quarter. Keybank National Association OH now owns 8,699 shares of the company’s stock worth $1,054,000 after purchasing an additional 2,001 shares during the period. Finally, SeaTown Holdings Pte. Ltd. boosted its holdings in shares of Royal Caribbean Cruises by 98.8% in the 2nd quarter. SeaTown Holdings Pte. Ltd. now owns 83,500 shares of the company’s stock worth $10,121,000 after purchasing an additional 41,500 shares during the period. 72.72% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $108.46, for a total value of $2,169,200.00. Following the completion of the sale, the chief executive officer now owns 905,651 shares of the company’s stock, valued at $98,226,907.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.07% of the stock is currently owned by company insiders.

Shares of NYSE:RCL opened at $109.03 on Wednesday. The company’s 50-day simple moving average is $113.10. Royal Caribbean Cruises Ltd has a 1 year low of $89.48 and a 1 year high of $133.60. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.06 and a beta of 1.34. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.83.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.09. Royal Caribbean Cruises had a return on equity of 17.39% and a net margin of 17.82%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. On average, equities analysts predict that Royal Caribbean Cruises Ltd will post 9.67 earnings per share for the current fiscal year.

A number of brokerages have recently commented on RCL. Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Buckingham Research lifted their target price on Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Argus cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Wedbush reiterated an “underweight” rating and issued a $145.00 target price (up previously from $140.00) on shares of Royal Caribbean Cruises in a report on Thursday, May 2nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $142.50.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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.

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

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