First Trust Advisors LP boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 87.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 209,859 shares of the company’s stock after buying an additional 97,758 shares during the period. First Trust Advisors LP owned about 0.10% of Royal Caribbean Cruises worth $15,729,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Buckingham Capital Management Inc. boosted its stake in Royal Caribbean Cruises by 27.6% in the first quarter. Buckingham Capital Management Inc. now owns 14,231 shares of the company’s stock valued at $1,169,000 after buying an additional 3,076 shares during the period. Channing Capital Management LLC boosted its stake in Royal Caribbean Cruises by 15.9% in the second quarter. Channing Capital Management LLC now owns 290,608 shares of the company’s stock valued at $19,514,000 after buying an additional 39,837 shares during the period. Envestnet Asset Management Inc. boosted its stake in Royal Caribbean Cruises by 17.0% in the first quarter. Envestnet Asset Management Inc. now owns 29,423 shares of the company’s stock valued at $2,417,000 after buying an additional 4,276 shares during the period. Retirement Systems of Alabama boosted its stake in Royal Caribbean Cruises by 16.4% in the second quarter. Retirement Systems of Alabama now owns 432,356 shares of the company’s stock valued at $29,033,000 after buying an additional 60,791 shares during the period. Finally, Brown Advisory Inc. boosted its stake in Royal Caribbean Cruises by 4.9% in the second quarter. Brown Advisory Inc. now owns 5,839 shares of the company’s stock valued at $392,000 after buying an additional 274 shares during the period. Institutional investors own 75.57% of the company’s stock.

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

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) traded down 1.36% during midday trading on Monday, hitting $81.89. The stock had a trading volume of 983,475 shares. The stock’s 50-day moving average is $75.93 and its 200-day moving average is $73.15. Royal Caribbean Cruises Ltd. has a 12 month low of $64.21 and a 12 month high of $103.40. The stock has a market cap of $17.57 billion, a PE ratio of 14.48 and a beta of 1.26.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Friday, October 28th. The company reported $3.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.10 by $0.10. Royal Caribbean Cruises had a return on equity of 15.29% and a net margin of 14.48%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the company posted $2.84 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post $6.07 EPS for the current year.

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Several analysts have recently weighed in on RCL shares. Deutsche Bank AG started coverage on Royal Caribbean Cruises in a report on Thursday, September 29th. They set a “hold” rating and a $81.00 price target on the stock. Zacks Investment Research cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, October 17th. SunTrust Banks Inc. set a $92.00 price target on Royal Caribbean Cruises and gave the stock a “buy” rating in a report on Wednesday, October 19th. Stifel Nicolaus reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Friday, September 9th. Finally, Macquarie started coverage on Royal Caribbean Cruises in a report on Tuesday, October 4th. They issued an “outperform” rating and a $88.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Royal Caribbean Cruises presently has an average rating of “Buy” and an average target price of $90.57.

In related news, CFO Jason T. Liberty sold 6,649 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $76.51, for a total transaction of $508,714.99. Following the sale, the chief financial officer now directly owns 33,657 shares in the company, valued at $2,575,097.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael W. Bayley sold 6,767 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $76.57, for a total value of $518,149.19. Following the sale, the chief executive officer now owns 76,176 shares in the company, valued at $5,832,796.32. The disclosure for this sale can be found here. Corporate insiders own 16.80% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

5 Day Chart for NYSE:RCL

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