Morris Capital Advisors LLC decreased its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,456 shares of the company’s stock after selling 4,696 shares during the quarter. Royal Caribbean Cruises comprises approximately 2.6% of Morris Capital Advisors LLC’s holdings, making the stock its 14th largest position. Morris Capital Advisors LLC’s holdings in Royal Caribbean Cruises were worth $2,974,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 5,040.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 252 shares during the period. North Star Investment Management Corp. bought a new stake in shares of Royal Caribbean Cruises in the third quarter valued at about $33,000. Central Bank & Trust Co. acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $37,000. Archford Capital Strategies LLC increased its position in shares of Royal Caribbean Cruises by 814.0% in the second quarter. Archford Capital Strategies LLC now owns 393 shares of the company’s stock valued at $48,000 after acquiring an additional 350 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of Royal Caribbean Cruises by 851.1% in the third quarter. Valeo Financial Advisors LLC now owns 447 shares of the company’s stock valued at $48,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 72.65% of the company’s stock.
Shares of RCL traded up $0.73 during trading hours on Monday, reaching $111.91. The stock had a trading volume of 71,438 shares, compared to its average volume of 1,447,471. The stock has a market capitalization of $22.87 billion, a PE ratio of 12.64, a PEG ratio of 1.07 and a beta of 1.40. Royal Caribbean Cruises Ltd has a 12 month low of $89.48 and a 12 month high of $131.04. The company’s 50-day moving average is $107.91 and its two-hundred day moving average is $114.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.15 and a current ratio of 0.17.
The business also recently disclosed a 0.70000 dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 2.8%. Royal Caribbean Cruises’s payout ratio is 35.21%.
In other Royal Caribbean Cruises news, CEO Lawrence R. Pimentel sold 10,518 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $108.25, for a total transaction of $1,138,573.50. Following the completion of the sale, the chief executive officer now directly owns 55,909 shares in the company, valued at approximately $6,052,149.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 905,651 shares of the company’s stock, valued at $98,226,907.46. The disclosure for this sale can be found here. Insiders sold 70,518 shares of company stock valued at $7,520,974 over the last 90 days. 13.07% of the stock is currently owned by company insiders.
A number of equities analysts have weighed in on the company. Wells Fargo & Co boosted their price target on Royal Caribbean Cruises from $155.00 to $158.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Deutsche Bank decreased their target price on Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $150.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, July 26th. ValuEngine upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Macquarie upgraded Royal Caribbean Cruises from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $126.00 to $132.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $145.10.
About Royal Caribbean Cruises
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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