Kiwi Wealth Investments Limited Partnership grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 20.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,002 shares of the company’s stock after purchasing an additional 5,006 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Royal Caribbean Cruises were worth $3,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. TLP Group LLC acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $105,000. Acrospire Investment Management LLC raised its position in shares of Royal Caribbean Cruises by 25.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after acquiring an additional 200 shares during the period. Pinebridge Investments L.P. acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $121,000. Oppenheimer Asset Management Inc. raised its position in shares of Royal Caribbean Cruises by 9.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock valued at $146,000 after acquiring an additional 119 shares during the period. Finally, Huntington National Bank raised its position in shares of Royal Caribbean Cruises by 89.6% in the 3rd quarter. Huntington National Bank now owns 1,346 shares of the company’s stock valued at $160,000 after acquiring an additional 636 shares during the period. 73.01% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Ltd. (RCL) traded down $0.97 during mid-day trading on Wednesday, reaching $123.51. 1,818,800 shares of the company’s stock were exchanged, compared to its average volume of 1,579,349. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1 year low of $78.77 and a 1 year high of $133.75. The company has a market capitalization of $26,649.79, a PE ratio of 16.78, a price-to-earnings-growth ratio of 0.75 and a beta of 1.07.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the business posted $3.20 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. research analysts expect that Royal Caribbean Cruises Ltd. will post 7.39 EPS for the current fiscal year.

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RCL has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $134.00 price target on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Friday, September 1st. J P Morgan Chase & Co upgraded shares of Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $111.00 to $130.00 in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) started coverage on shares of Royal Caribbean Cruises in a report on Monday, July 24th. They set a “neutral” rating on the stock. Finally, Argus raised their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $126.33.

In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total value of $2,425,800.00. Following the completion of the sale, the chief executive officer now owns 927,741 shares of the company’s stock, valued at $112,525,705.89. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 60,000 shares of company stock valued at $7,415,000. 15.30% of the stock is currently 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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