Afam Capital Inc. cut its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,823 shares of the company’s stock after selling 2,686 shares during the quarter. Royal Caribbean Cruises comprises approximately 1.1% of Afam Capital Inc.’s portfolio, making the stock its 15th largest holding. Afam Capital Inc.’s holdings in Royal Caribbean Cruises were worth $9,760,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Royal Caribbean Cruises by 221.9% during the second quarter. Janus Henderson Group PLC now owns 62,092 shares of the company’s stock worth $6,783,000 after acquiring an additional 42,800 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Royal Caribbean Cruises during the second quarter worth about $666,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Royal Caribbean Cruises by 5.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,370 shares of the company’s stock worth $1,788,000 after acquiring an additional 881 shares during the period. Achmea Investment Management B.V. increased its stake in shares of Royal Caribbean Cruises by 37.4% during the second quarter. Achmea Investment Management B.V. now owns 9,769 shares of the company’s stock worth $1,065,000 after acquiring an additional 2,658 shares during the period. Finally, Eqis Capital Management Inc. increased its stake in shares of Royal Caribbean Cruises by 43.3% during the third quarter. Eqis Capital Management Inc. now owns 3,396 shares of the company’s stock worth $403,000 after acquiring an additional 1,026 shares during the period. Institutional investors own 67.28% of the company’s stock.
In other Royal Caribbean Cruises news, CEO Bradley H. Stein sold 8,528 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $124.34, for a total value of $1,060,371.52. Following the sale, the chief executive officer now owns 17,341 shares of the company’s stock, valued at $2,156,179.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bradley H. Stein sold 9,071 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $124.64, for a total transaction of $1,130,609.44. Following the completion of the sale, the senior vice president now directly owns 17,341 shares in the company, valued at approximately $2,161,382.24. The disclosure for this sale can be found here. Insiders sold 90,895 shares of company stock worth $11,554,161 in the last ninety days. Insiders own 15.30% of the company’s stock.
Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $131.68 on Friday. Royal Caribbean Cruises Ltd has a fifty-two week low of $93.40 and a fifty-two week high of $135.65. The stock has a market cap of $28,090.00, a PE ratio of 17.49, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.15.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. equities research analysts expect that Royal Caribbean Cruises Ltd will post 8.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Wednesday, March 7th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.87%.
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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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