Frontier Capital Management Co. LLC Sells 149,622 Shares of Royal Caribbean Cruises Ltd. (RCL)

Frontier Capital Management Co. LLC reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 38.3% during the fourth quarter, Holdings Channel reports. The fund owned 241,364 shares of the company’s stock after selling 149,622 shares during the period. Frontier Capital Management Co. LLC’s holdings in Royal Caribbean Cruises were worth $19,802,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RCL. Primecap Management Co. CA raised its position in shares of Royal Caribbean Cruises by 31.6% in the second quarter. Primecap Management Co. CA now owns 7,721,989 shares of the company’s stock worth $518,532,000 after buying an additional 1,852,117 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Royal Caribbean Cruises by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,366,281 shares of the company’s stock worth $327,253,000 after buying an additional 31,171 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Royal Caribbean Cruises by 4.8% in the third quarter. BlackRock Fund Advisors now owns 2,777,964 shares of the company’s stock worth $208,208,000 after buying an additional 126,895 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Royal Caribbean Cruises by 36.9% in the third quarter. Bank of New York Mellon Corp now owns 1,992,417 shares of the company’s stock worth $149,331,000 after buying an additional 536,612 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of Royal Caribbean Cruises by 1.5% in the third quarter. BlackRock Group LTD now owns 1,403,847 shares of the company’s stock worth $105,218,000 after buying an additional 21,073 shares during the last quarter. Hedge funds and other institutional investors own 74.32% of the company’s stock.

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

Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up 1.02% during trading on Monday, reaching $96.82. The company had a trading volume of 616,807 shares. Royal Caribbean Cruises Ltd. has a one year low of $64.95 and a one year high of $96.99. The company has a market capitalization of $20.78 billion, a price-to-earnings ratio of 16.33 and a beta of 1.23. The company has a 50-day moving average price of $88.42 and a 200 day moving average price of $78.00.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, January 26th. The company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.02. Royal Caribbean Cruises had a net margin of 15.10% and a return on equity of 15.89%. The firm earned $1.91 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises Ltd. will post $7.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Tuesday, March 7th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, March 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.00%. Royal Caribbean Cruises’s dividend payout ratio is 32.32%.

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RCL has been the topic of several recent research reports. Zacks Investment Research upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 1st. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $78.00 price target on shares of Royal Caribbean Cruises in a research report on Wednesday, December 21st. Berenberg Bank restated a “buy” rating and issued a $100.00 price target on shares of Royal Caribbean Cruises in a research report on Monday, November 7th. Wedbush raised their price target on Royal Caribbean Cruises from $88.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, January 27th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $81.00 price target on shares of Royal Caribbean Cruises in a research report on Monday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $95.87.

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 13,072 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $95.18, for a total transaction of $1,244,192.96. Following the completion of the transaction, the chief executive officer now owns 82,981 shares in the company, valued at $7,898,131.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Wilhelmsen A. S. A sold 3,600,000 shares of the stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $84.02, for a total transaction of $302,472,000.00. Following the transaction, the insider now owns 24,899,253 shares of the company’s stock, valued at approximately $2,092,035,237.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,632,021 shares of company stock valued at $305,526,385. 16.80% of the stock is owned by company insiders.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

5 Day Chart for NYSE:RCL

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