Caxton Associates LP acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,000 shares of the company’s stock, valued at approximately $1,529,000.

Other large investors have also added to or reduced their stakes in the company. TLP Group LLC bought a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $105,000. Acrospire Investment Management LLC raised its stake in Royal Caribbean Cruises by 25.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after buying an additional 200 shares during the period. NEXT Financial Group Inc raised its stake in Royal Caribbean Cruises by 9.0% in the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock valued at $119,000 after buying an additional 90 shares during the period. Pinebridge Investments L.P. bought a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $121,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $119,000. Hedge funds and other institutional investors own 71.51% of the company’s stock.

RCL has been the topic of several research analyst reports. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. J P Morgan Chase & Co upgraded Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $111.00 to $130.00 in a research note on Thursday, July 20th. Bank of America Corporation initiated coverage on Royal Caribbean Cruises in a research note on Monday, July 24th. They issued a “neutral” rating and a $123.00 price objective on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on Royal Caribbean Cruises in a research note on Monday, July 24th. They issued a “neutral” rating on the stock. Finally, BidaskClub downgraded Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $119.73.

Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) traded up 0.89% during midday trading on Monday, reaching $124.49. The company had a trading volume of 185,622 shares. The firm has a market capitalization of $26.78 billion, a P/E ratio of 17.46 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a one year low of $67.53 and a one year high of $125.00. The company has a 50 day moving average price of $119.73 and a 200-day moving average price of $111.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results 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 business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations 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. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd will be issued a dividend of $0.60 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.40 dividend on an annualized basis and a yield of 1.95%. Royal Caribbean Cruises’s payout ratio is presently 33.71%.

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In related news, Director Bernt Reitan sold 4,793 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $117.22, for a total value of $561,835.46. Following the completion of the transaction, the director now directly owns 7,862 shares in the company, valued at $921,583.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the completion of the transaction, the chief executive officer now owns 967,741 shares of the company’s stock, valued at $106,083,768.42. The disclosure for this sale can be found here. Insiders sold 480,079 shares of company stock valued at $56,139,855 over the last quarter. 15.30% of the stock is owned by company insiders.

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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