Capital International Sarl Boosts Holdings in Royal Caribbean Cruises Ltd (NYSE:RCL)

Capital International Sarl lifted its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 74.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,751 shares of the company’s stock after buying an additional 12,649 shares during the quarter. Capital International Sarl’s holdings in Royal Caribbean Cruises were worth $3,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of RCL. Voya Investment Management LLC raised its position in shares of Royal Caribbean Cruises by 0.8% in the 3rd quarter. Voya Investment Management LLC now owns 79,818 shares of the company’s stock worth $8,646,000 after purchasing an additional 654 shares during the last quarter. Voya Financial Advisors Inc. raised its position in shares of Royal Caribbean Cruises by 3.5% in the 3rd quarter. Voya Financial Advisors Inc. now owns 3,583 shares of the company’s stock worth $383,000 after purchasing an additional 122 shares during the last quarter. Redpoint Investment Management Pty Ltd raised its position in shares of Royal Caribbean Cruises by 3.7% in the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 12,919 shares of the company’s stock worth $1,400,000 after purchasing an additional 460 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth about $375,000. Finally, Pictet Asset Management Ltd. raised its position in shares of Royal Caribbean Cruises by 1.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 154,683 shares of the company’s stock worth $16,757,000 after purchasing an additional 2,701 shares during the last quarter. 74.98% of the stock is owned by hedge funds and other institutional investors.

RCL has been the subject of several recent analyst reports. Goldman Sachs Group lowered their price target on Royal Caribbean Cruises from to in a research report on Tuesday, March 10th. ValuEngine raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Wednesday. Buckingham Research downgraded Royal Caribbean Cruises from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $158.00 to $122.00 in a report on Monday, February 3rd. Berenberg Bank downgraded Royal Caribbean Cruises to a “hold” rating and set a $127.00 price objective for the company. in a report on Wednesday, February 19th. Finally, Cfra reiterated a “sell” rating and issued a $100.00 price objective (down from $135.00) on shares of Royal Caribbean Cruises in a report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $115.69.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $119.69, for a total transaction of $2,393,800.00. Following the completion of the sale, the chief executive officer now directly owns 773,137 shares in the company, valued at approximately $92,536,767.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 13.07% of the company’s stock.

NYSE RCL traded up $2.14 during trading hours on Thursday, hitting $44.55. The company’s stock had a trading volume of 18,564,174 shares, compared to its average volume of 18,924,034. Royal Caribbean Cruises Ltd has a 12 month low of $19.25 and a 12 month high of $135.32. The company’s 50 day simple moving average is $76.69 and its two-hundred day simple moving average is $108.22. The company has a market cap of $7.20 billion, a P/E ratio of 4.98, a price-to-earnings-growth ratio of 0.77 and a beta of 1.72. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.15 and a quick ratio of 0.13.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.41 by $0.01. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.54 billion. Royal Caribbean Cruises had a return on equity of 17.06% and a net margin of 17.16%. Royal Caribbean Cruises’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.53 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd will post 4.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.00%. Royal Caribbean Cruises’s dividend payout ratio is currently 32.70%.

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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