Royal Caribbean Cruises Ltd. (RCL) Position Raised by Nationwide Fund Advisors

Nationwide Fund Advisors grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 28.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 389,248 shares of the company’s stock after buying an additional 85,975 shares during the period. Nationwide Fund Advisors owned 0.18% of Royal Caribbean Cruises worth $46,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RCL. Eqis Capital Management Inc. increased its stake in shares of Royal Caribbean Cruises by 0.3% in the 2nd quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock valued at $259,000 after buying an additional 8 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Royal Caribbean Cruises by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the company’s stock valued at $1,136,000 after buying an additional 100 shares during the period. Aperio Group LLC increased its stake in shares of Royal Caribbean Cruises by 6.8% in the 2nd quarter. Aperio Group LLC now owns 52,656 shares of the company’s stock valued at $5,752,000 after buying an additional 3,342 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $6,831,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $453,000. 72.23% of the stock is owned by institutional investors.

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Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at $125.45 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. The firm has a market capitalization of $26,716.15, a PE ratio of 16.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.07. Royal Caribbean Cruises Ltd. has a twelve month low of $78.77 and a twelve month high of $133.75.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.43 by $0.06. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $3.20 earnings per share. equities analysts predict that Royal Caribbean Cruises Ltd. will post 7.39 EPS for the current year.

Several research firms have recently commented on RCL. Berenberg Bank cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating and set a $135.00 target price for the company. in a research note on Tuesday, November 14th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $137.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. Deutsche Bank AG lifted their target price on Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Buckingham Research lifted their target price on Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $126.33.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 60,000 shares of company stock worth $7,415,000. Corporate insiders own 15.30% of the company’s stock.

Royal Caribbean Cruises 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).

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

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