Andra AP fonden boosted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 42.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 38,600 shares of the company’s stock after buying an additional 11,500 shares during the period. Andra AP fonden’s holdings in Royal Caribbean Cruises were worth $4,216,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in RCL. Prudential Financial Inc. boosted its stake 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 worth $46,875,000 after buying an additional 72,120 shares during the period. Dynamic Capital Management Ltd boosted its stake 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 worth $3,483,000 after buying an additional 12,675 shares during the period. Oakbrook Investments LLC boosted its stake 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 worth $1,493,000 after buying an additional 2,120 shares during the period. British Columbia Investment Management Corp boosted its stake 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 worth $14,421,000 after buying an additional 42,656 shares during the period. Finally, Banco Santander S.A. purchased a new stake in shares of Royal Caribbean Cruises during the first quarter worth about $985,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 120.33 on Wednesday. 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 Ltd. has a 1-year low of $65.10 and a 1-year high of $122.96. The stock has a market capitalization of $25.88 billion, a P/E ratio of 16.88 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current year.

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RCL has been the subject of a number of research analyst reports. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Wednesday, June 7th. ValuEngine raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Deutsche Bank AG upped their target price on Royal Caribbean Cruises from $102.00 to $114.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) cut Royal Caribbean Cruises to a “sell” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average 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 the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total value 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 $112,093,440.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $119.61, for a total transaction of $906,643.80. Following the completion of the transaction, the executive vice president now directly owns 23,493 shares in the company, valued at $2,809,997.73. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,079 shares of company stock worth $53,714,055. Insiders own 15.30% of the company’s stock.

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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