Vaughan David Investments LLC IL Has $22.76 Million Stake in Royal Caribbean Cruises Ltd (RCL)

Vaughan David Investments LLC IL lifted its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 4.0% during the third quarter, Holdings Channel reports. The institutional investor owned 175,135 shares of the company’s stock after buying an additional 6,770 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Royal Caribbean Cruises were worth $22,757,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. grew its position in Royal Caribbean Cruises by 7.7% during the 3rd quarter. D.A. Davidson & CO. now owns 9,717 shares of the company’s stock worth $1,263,000 after purchasing an additional 692 shares during the last quarter. Credit Suisse AG boosted its holdings in shares of Royal Caribbean Cruises by 6.2% in the 3rd quarter. Credit Suisse AG now owns 285,813 shares of the company’s stock valued at $37,138,000 after acquiring an additional 16,571 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Royal Caribbean Cruises by 121.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 267,257 shares of the company’s stock valued at $32,932,000 after acquiring an additional 146,356 shares during the last quarter. Affinity Investment Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 17.7% in the 3rd quarter. Affinity Investment Advisors LLC now owns 105,626 shares of the company’s stock valued at $13,725,000 after acquiring an additional 15,910 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in shares of Royal Caribbean Cruises by 7.5% in the 3rd quarter. American International Group Inc. now owns 60,342 shares of the company’s stock valued at $7,841,000 after acquiring an additional 4,216 shares during the last quarter. 71.50% of the stock is currently owned by hedge funds and other institutional investors.

RCL opened at $110.28 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. Royal Caribbean Cruises Ltd has a 1 year low of $97.48 and a 1 year high of $135.65. The firm has a market capitalization of $23.05 billion, a P/E ratio of 12.71, a PEG ratio of 0.90 and a beta of 1.34.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, October 25th. The company reported $3.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.01. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.82 billion. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current fiscal year.

In related news, Director Bernt Reitan sold 1,578 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $106.58, for a total value of $168,183.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Harri U. Kulovaara sold 6,600 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the completion of the transaction, the executive vice president now owns 26,165 shares of the company’s stock, valued at $3,285,015.75. The disclosure for this sale can be found here. Insiders own 15.26% of the company’s stock.

Several analysts have recently commented on the stock. Nomura dropped their price objective on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, August 8th. Macquarie upped their price objective on shares of Royal Caribbean Cruises from $103.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, October 26th. Wells Fargo & Co dropped their price objective on shares of Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. Finally, Citigroup dropped their price objective on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $139.62.

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Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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 23 nights.

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

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