Altshuler Shaham Ltd acquired a new stake in Royal Caribbean Group (NYSE:RCL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 560 shares of the company’s stock, valued at approximately $36,000.

Other large investors have also added to or reduced their stakes in the company. tru Independence LLC raised its stake in Royal Caribbean Group by 400.0% in the second quarter. tru Independence LLC now owns 500 shares of the company’s stock valued at $25,000 after buying an additional 400 shares during the period. Berman Capital Advisors LLC raised its stake in Royal Caribbean Group by 74.5% in the second quarter. Berman Capital Advisors LLC now owns 555 shares of the company’s stock valued at $27,000 after buying an additional 237 shares during the period. Orion Portfolio Solutions LLC raised its stake in Royal Caribbean Group by 65.8% in the second quarter. Orion Portfolio Solutions LLC now owns 668 shares of the company’s stock valued at $34,000 after buying an additional 265 shares during the period. CX Institutional raised its stake in Royal Caribbean Group by 290.6% in the third quarter. CX Institutional now owns 539 shares of the company’s stock valued at $35,000 after buying an additional 401 shares during the period. Finally, Hall Laurie J Trustee bought a new stake in Royal Caribbean Group in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 60.43% of the company’s stock.

Shares of NYSE:RCL opened at $72.58 on Friday. The company has a market capitalization of $16.28 billion, a P/E ratio of -7.85 and a beta of 2.67. Royal Caribbean Group has a 1 year low of $19.25 and a 1 year high of $135.32. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.99 and a quick ratio of 0.96. The business’s 50 day simple moving average is $64.15 and its 200 day simple moving average is $57.75.

Royal Caribbean Group (NYSE:RCL) last issued its earnings results on Thursday, October 29th. The company reported ($5.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($4.92) by ($0.70). The business had revenue of ($33.69) million during the quarter, compared to analyst estimates of $8.71 million. Royal Caribbean Group had a negative net margin of 24.36% and a negative return on equity of 3.68%. The company’s revenue for the quarter was down 101.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.27 EPS. On average, sell-side analysts anticipate that Royal Caribbean Group will post -17.25 EPS for the current fiscal year.

In other Royal Caribbean Group news, Director Arne Alexander Wilhelmsen sold 1,400,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $63.36, for a total value of $88,704,000.00. Following the sale, the director now owns 12,151 shares of the company’s stock, valued at approximately $769,887.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Wilhelmsen A. S. A sold 600,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.67, for a total value of $38,202,000.00. Following the completion of the sale, the insider now directly owns 19,887,361 shares in the company, valued at approximately $1,266,228,274.87. The disclosure for this sale can be found here. Company insiders own 13.09% of the company’s stock.

Several analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Royal Caribbean Group from $85.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Berenberg Bank increased their target price on Royal Caribbean Group from $45.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, October 15th. JPMorgan Chase & Co. increased their target price on Royal Caribbean Group from $67.00 to $79.00 in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price on Royal Caribbean Group from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, October 30th. Finally, ValuEngine upgraded Royal Caribbean Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Royal Caribbean Group currently has an average rating of “Hold” and a consensus price target of $69.67.

About Royal Caribbean Group

Royal Caribbean Group operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 19 nights.

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

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