Royal Caribbean Cruises Ltd. (RCL) Holdings Raised by Toronto Dominion Bank
Toronto Dominion Bank raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,266 shares of the company’s stock after buying an additional 8,384 shares during the period. Toronto Dominion Bank’s holdings in Royal Caribbean Cruises were worth $7,735,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. TLP Group LLC acquired a new stake in shares of Royal Caribbean Cruises in the second quarter worth $105,000. Acrospire Investment Management LLC boosted its position in shares of Royal Caribbean Cruises by 25.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after purchasing an additional 200 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of Royal Caribbean Cruises in the second quarter worth about $121,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 9.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock worth $146,000 after purchasing an additional 119 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Royal Caribbean Cruises by 89.6% during the third quarter. Huntington National Bank now owns 1,346 shares of the company’s stock worth $160,000 after purchasing an additional 636 shares during the period. 73.01% of the stock is currently owned by institutional investors and hedge funds.
Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at $122.79 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $78.77 and a 1 year high of $133.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. The firm has a market cap of $26,230.17, a PE ratio of 16.51, a P/E/G ratio of 0.74 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, beating the Zacks’ consensus estimate of $3.43 by $0.06. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.57 billion. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. Royal Caribbean Cruises’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.20 EPS. analysts forecast that Royal Caribbean Cruises Ltd. will post 7.39 earnings per share for the current year.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $125.70, for a total value of $2,514,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 60,000 shares of company stock valued at $7,415,000 in the last ninety days. 15.30% of the stock is currently owned by corporate insiders.
Several analysts recently weighed in on RCL shares. Nomura raised their price objective on Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Buckingham Research raised their price objective on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Wedbush boosted their price objective on Royal Caribbean Cruises from $125.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. SunTrust Banks, Inc. restated a “buy” rating and issued a $137.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. Finally, The Goldman Sachs Group, Inc. upgraded Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and upped their target price for the stock from $99.00 to $115.00 in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus target price of $126.33.
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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