RCL Stock: Anchor Bolt Capital LP Lowers Position in Royal Caribbean Cruises Ltd

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Anchor Bolt Capital LP decreased its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 34.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,043 shares of the company’s stock after selling 154,252 shares during the quarter. Anchor Bolt Capital LP owned 0.14% of Royal Caribbean Cruises worth $34,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RCL. TLP Group LLC purchased a new position in Royal Caribbean Cruises during the second quarter valued at approximately $105,000. Acrospire Investment Management LLC lifted its holdings in Royal Caribbean Cruises by 25.0% during the second 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. Fuller & Thaler Asset Management Inc. purchased a new position in Royal Caribbean Cruises during the third quarter valued at approximately $119,000. Pinebridge Investments L.P. purchased a new position in Royal Caribbean Cruises during the second quarter valued at approximately $121,000. Finally, ClariVest Asset Management LLC purchased a new position in Royal Caribbean Cruises during the third quarter valued at approximately $142,000. 73.28% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Ltd (NYSE RCL) traded up $3.43 during mid-day trading on Friday, reaching $125.09. 1,989,184 shares of the company’s stock were exchanged, compared to its average volume of 1,181,111. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13. Royal Caribbean Cruises Ltd has a fifty-two week low of $81.59 and a fifty-two week high of $133.75. The company has a market capitalization of $26,046.06, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Wednesday, December 20th. Royal Caribbean Cruises’s payout ratio is presently 32.43%.

Several equities analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $139.00 price target (up previously from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Buckingham Research boosted their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank boosted their target price on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks reissued a “buy” rating and issued a $126.00 target price on shares of Royal Caribbean Cruises in a report on Sunday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $127.28.

In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total value of $2,460,000.00. Following the transaction, the chief executive officer now directly owns 847,741 shares in the company, valued at $104,272,143. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 60,000 shares of company stock worth $7,449,200. Company insiders own 15.30% of the company’s stock.

Royal Caribbean Cruises 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).

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

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