Royal Caribbean Cruises Ltd (RCL) Position Reduced by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. cut its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 15.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,630 shares of the company’s stock after selling 3,330 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Royal Caribbean Cruises were worth $2,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nicholas Investment Partners LP acquired a new position in Royal Caribbean Cruises in the third quarter valued at approximately $2,436,000. Convergence Investment Partners LLC lifted its holdings in Royal Caribbean Cruises by 11.2% in the third quarter. Convergence Investment Partners LLC now owns 15,814 shares of the company’s stock valued at $1,875,000 after acquiring an additional 1,591 shares during the last quarter. Bluestein R H & Co. lifted its holdings in Royal Caribbean Cruises by 50.0% in the third quarter. Bluestein R H & Co. now owns 4,500 shares of the company’s stock valued at $533,000 after acquiring an additional 1,500 shares during the last quarter. Private Advisor Group LLC lifted its stake in Royal Caribbean Cruises by 10.6% during the third quarter. Private Advisor Group LLC now owns 4,988 shares of the company’s stock worth $620,000 after purchasing an additional 479 shares in the last quarter. Finally, Invictus RG lifted its stake in Royal Caribbean Cruises by 167.5% during the third quarter. Invictus RG now owns 2,539 shares of the company’s stock worth $301,000 after purchasing an additional 1,590 shares in the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on 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 is accessible through this link. Insiders have sold 60,000 shares of company stock worth $7,415,000 in the last ninety days. Corporate insiders own 15.30% of the company’s stock.

Royal Caribbean Cruises Ltd (NYSE:RCL) traded down $0.15 during trading on Tuesday, hitting $125.08. The stock had a trading volume of 1,626,100 shares, compared to its average volume of 1,560,905. Royal Caribbean Cruises Ltd has a 1-year low of $79.86 and a 1-year high of $133.75. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $26,810.35, a price-to-earnings ratio of 16.88, a P/E/G ratio of 0.75 and a beta of 1.06.

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

A number of research analysts have commented on the company. Wedbush restated an “outperform” rating and set a $139.00 price target (up from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Buckingham Research upped their price target on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Deutsche Bank upped their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Finally, SunTrust Banks restated a “buy” rating and set a $126.00 price target on shares of Royal Caribbean Cruises in a research note on Sunday, October 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $126.02.

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About Royal Caribbean Cruises

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).

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

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