Twin Capital Management Inc. acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,930 shares of the company’s stock, valued at approximately $1,849,000.

Other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. boosted its position in shares of Royal Caribbean Cruises by 17.8% in the first quarter. Prudential Financial Inc. now owns 477,787 shares of the company’s stock valued at $46,875,000 after buying an additional 72,120 shares during the period. Dynamic Capital Management Ltd boosted its position in shares of Royal Caribbean Cruises by 55.5% in the first quarter. Dynamic Capital Management Ltd now owns 35,502 shares of the company’s stock valued at $3,483,000 after buying an additional 12,675 shares during the period. British Columbia Investment Management Corp boosted its position in shares of Royal Caribbean Cruises by 40.9% in the first quarter. British Columbia Investment Management Corp now owns 146,986 shares of the company’s stock valued at $14,421,000 after buying an additional 42,656 shares during the period. Oakbrook Investments LLC boosted its position in shares of Royal Caribbean Cruises by 18.4% in the second quarter. Oakbrook Investments LLC now owns 13,670 shares of the company’s stock valued at $1,493,000 after buying an additional 2,120 shares during the period. Finally, Banco Santander S.A. purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at about $985,000. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 120.44 on Friday. The stock has a market cap of $25.91 billion, a PE ratio of 16.90 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 52 week low of $65.10 and a 52 week high of $122.96. The company has a 50-day moving average price of $116.02 and a 200-day moving average price of $106.22.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. Analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current year.

Royal Caribbean Cruises declared that its Board of Directors has initiated a share repurchase plan on Friday, April 28th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Wednesday, June 7th. ValuEngine upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) raised their target price on Royal Caribbean Cruises from $90.00 to $94.00 and gave the company a “sell” rating in a research note on Monday, May 1st. Deutsche Bank AG raised their target price on Royal Caribbean Cruises from $102.00 to $114.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, UBS AG reiterated a “buy” rating and issued a $131.00 target price (up from $112.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $118.34.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 210,706 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the transaction, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at approximately $112,093,440.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $109.62, for a total value of $2,192,400.00. Following the transaction, the chief executive officer now directly owns 967,741 shares in the company, valued at $106,083,768.42. The disclosure for this sale can be found here. Insiders have sold a total of 460,079 shares of company stock worth $53,714,055 over the last ninety days. Company insiders own 15.30% of the company’s stock.

Royal Caribbean Cruises Company 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).

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

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