Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 15.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,055 shares of the company’s stock after selling 4,483 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Royal Caribbean Cruises were worth $2,628,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RCL. Airain ltd increased its stake in Royal Caribbean Cruises by 820.2% in the second quarter. Airain ltd now owns 69,193 shares of the company’s stock valued at $7,558,000 after buying an additional 61,674 shares during the last quarter. Andra AP fonden increased its stake in Royal Caribbean Cruises by 42.4% in the second quarter. Andra AP fonden now owns 38,600 shares of the company’s stock valued at $4,216,000 after buying an additional 11,500 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Royal Caribbean Cruises by 253.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 43,618 shares of the company’s stock valued at $4,765,000 after buying an additional 31,268 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Royal Caribbean Cruises during the second quarter valued at $1,247,000. Finally, Intrust Bank NA increased its stake in Royal Caribbean Cruises by 2.7% in the second quarter. Intrust Bank NA now owns 2,356 shares of the company’s stock valued at $258,000 after buying an additional 61 shares during the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Shares of Royal Caribbean Cruises Ltd. (RCL) opened at 124.24 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $65.10 and a 1-year high of $125.00. The company’s 50 day moving average price is $117.80 and its 200-day moving average price is $107.17. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of 17.43 and a beta of 1.03.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, topping 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 company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Friday. BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) cut Royal Caribbean Cruises to a “sell” rating in a research note on Tuesday, August 15th. UBS AG restated a “buy” rating and set a $131.00 price target (up previously from $112.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Finally, Wedbush restated an “outperform” rating and set a $129.00 price target (up previously from $125.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Two equities 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 company presently has a consensus rating of “Buy” and an average price target of $118.44.

In other 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 value of $2,379,000.00. Following the sale, the chief executive officer now owns 947,741 shares of the company’s stock, valued at approximately $112,733,791.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Fain sold 210,706 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total value of $24,406,075.98. Following the sale, the chief executive officer now directly owns 967,741 shares in the company, valued at $112,093,440.03. The disclosure for this sale can be found here. Insiders sold a total of 460,079 shares of company stock worth $53,714,055 in the last three months. 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).

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

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