Emerald Advisers Inc. PA lowered its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 4.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 18,502 shares of the company’s stock after selling 897 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Royal Caribbean Cruises were worth $2,207,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. IFG Advisory LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $641,000. Fuller & Thaler Asset Management Inc. bought a new stake in Royal Caribbean Cruises in the third quarter worth $119,000. ClariVest Asset Management LLC bought a new stake in Royal Caribbean Cruises in the third quarter worth $142,000. Assetmark Inc. increased its position in Royal Caribbean Cruises by 198.1% in the third quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock worth $145,000 after purchasing an additional 814 shares during the last quarter. Finally, Huntington National Bank increased its position in Royal Caribbean Cruises by 89.6% in 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 last quarter. Hedge funds and other institutional investors own 67.04% of the company’s stock.

In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the completion of the sale, the chief executive officer now directly owns 895,416 shares of the company’s stock, valued at $110,816,684.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $134.55, for a total transaction of $996,208.20. Following the sale, the chief executive officer now directly owns 33,979 shares of the company’s stock, valued at $4,571,874.45. The disclosure for this sale can be found here. Insiders have sold 73,296 shares of company stock valued at $9,266,380 over the last three months. Insiders own 15.30% of the company’s stock.

Several brokerages recently weighed in on RCL. ValuEngine upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America boosted their price target on shares of Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. boosted their price target on shares of Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Wedbush restated an “outperform” rating and issued a $145.00 price target (up previously from $139.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $137.67.

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $128.52 on Thursday. The stock has a market cap of $30,025.49, a price-to-earnings ratio of 17.07, a PEG ratio of 0.66 and a beta of 1.11. Royal Caribbean Cruises Ltd has a one year low of $93.40 and a one year high of $135.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.15 and a current ratio of 0.18.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.14. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 earnings per share. sell-side analysts predict that Royal Caribbean Cruises Ltd will post 8.67 EPS for the current fiscal year.

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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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