Penserra Capital Management LLC bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,423 shares of the company’s stock, valued at approximately $1,247,000.

Other hedge funds also recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in Royal Caribbean Cruises during the first quarter worth approximately $103,000. NEXT Financial Group Inc boosted its stake in Royal Caribbean Cruises by 25.0% in the first quarter. NEXT Financial Group Inc now owns 1,000 shares of the company’s stock worth $107,000 after buying an additional 200 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in Royal Caribbean Cruises during the first quarter worth approximately $119,000. Whittier Trust Co. boosted its stake in Royal Caribbean Cruises by 24.4% in the first quarter. Whittier Trust Co. now owns 1,266 shares of the company’s stock worth $124,000 after buying an additional 248 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Royal Caribbean Cruises by 447.1% in the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock worth $174,000 after buying an additional 1,453 shares during the period. Institutional investors own 72.26% of the company’s stock.

Royal Caribbean Cruises Ltd. (RCL) opened at 120.44 on Friday. The stock has a market capitalization of $25.91 billion, a price-to-earnings ratio of 16.90 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 12-month low of $65.10 and a 12-month high of $122.96. The stock’s 50 day moving average is $116.02 and its 200 day moving average is $106.22.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.

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A number of analysts recently commented on the stock. Nomura lifted their target price on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $99.00 to $115.00 in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research note on Friday, August 4th. Deutsche Bank AG lowered their target price on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating for the company in a research note on Tuesday, May 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $129.00 target price (up from $125.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.34.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $118.95, for a total transaction of $2,379,000.00. Following the completion of the transaction, the chief executive officer now owns 947,741 shares in the company, valued at approximately $112,733,791.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Harri U. Kulovaara sold 7,580 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $119.61, for a total value of $906,643.80. Following the transaction, the executive vice president now owns 23,493 shares of the company’s stock, valued at approximately $2,809,997.73. The disclosure for this sale can be found here. Insiders have sold a total of 460,079 shares of company stock valued at $53,714,055 in the last 90 days. 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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