Vontobel Asset Management Inc. Has $168.92 Million Holdings in Royal Caribbean Cruises Ltd (NYSE:RCL)

Vontobel Asset Management Inc. increased its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,345,195 shares of the company’s stock after acquiring an additional 125,560 shares during the quarter. Vontobel Asset Management Inc. owned 0.64% of Royal Caribbean Cruises worth $168,915,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its position in Royal Caribbean Cruises by 2.7% in the second quarter. Private Advisor Group LLC now owns 17,002 shares of the company’s stock worth $2,012,000 after acquiring an additional 444 shares in the last quarter. Tremblant Capital Group boosted its holdings in shares of Royal Caribbean Cruises by 369.1% during the 2nd quarter. Tremblant Capital Group now owns 258,031 shares of the company’s stock worth $31,276,000 after buying an additional 203,031 shares during the period. AMP Capital Investors Ltd boosted its holdings in shares of Royal Caribbean Cruises by 2.0% during the 2nd quarter. AMP Capital Investors Ltd now owns 47,586 shares of the company’s stock worth $5,672,000 after buying an additional 928 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Royal Caribbean Cruises by 6.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 125,852 shares of the company’s stock worth $15,254,000 after buying an additional 7,537 shares during the period. Finally, Evercore Wealth Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 11.3% during the 2nd quarter. Evercore Wealth Management LLC now owns 409,353 shares of the company’s stock worth $49,617,000 after buying an additional 41,414 shares during the period. Hedge funds and other institutional investors own 72.80% of the company’s stock.

In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $110.22, for a total transaction of $2,204,400.00. Following the completion of the transaction, the chief executive officer now directly owns 910,639 shares in the company, valued at approximately $100,370,630.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lawrence R. Pimentel sold 10,518 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $108.25, for a total transaction of $1,138,573.50. Following the transaction, the chief executive officer now owns 55,909 shares of the company’s stock, valued at $6,052,149.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,518 shares of company stock valued at $7,625,374. Corporate insiders own 13.07% of the company’s stock.



Several analysts recently issued reports on RCL shares. Deutsche Bank decreased their price objective on shares of Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a report on Friday, July 19th. Wells Fargo & Co upped their price objective on shares of Royal Caribbean Cruises from $155.00 to $158.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Nomura decreased their price objective on shares of Royal Caribbean Cruises from $152.00 to $150.00 and set a “buy” rating for the company in a report on Friday, June 7th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, ValuEngine downgraded shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Royal Caribbean Cruises presently has an average rating of “Hold” and an average price target of $144.82.

NYSE:RCL traded down $0.94 during trading hours on Monday, hitting $113.89. 100,652 shares of the company traded hands, compared to its average volume of 1,273,311. The stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 1.10 and a beta of 1.37. Royal Caribbean Cruises Ltd has a twelve month low of $89.48 and a twelve month high of $133.60. The firm has a 50-day moving average of $108.28 and a 200 day moving average of $116.48. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 0.83.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.45 by $0.09. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Royal Caribbean Cruises had a net margin of 17.82% and a return on equity of 17.39%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Equities research analysts predict that Royal Caribbean Cruises Ltd will post 9.65 earnings per share for the current fiscal year.

The business also recently announced a 0.70000 dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a dividend of $0.78 per share. This represents a yield of 2.8%. The ex-dividend date is Thursday, September 19th. Royal Caribbean Cruises’s payout ratio is currently 31.60%.

Royal Caribbean Cruises 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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