Point72 Asset Management L.P. reduced its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 74.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,338 shares of the company’s stock after selling 325,260 shares during the quarter. Point72 Asset Management L.P.’s holdings in Royal Caribbean Cruises were worth $14,731,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its position in shares of Royal Caribbean Cruises by 0.8% during the 3rd quarter. Voya Investment Management LLC now owns 79,818 shares of the company’s stock worth $8,646,000 after buying an additional 654 shares in the last quarter. Voya Financial Advisors Inc. grew its holdings in Royal Caribbean Cruises by 3.5% during the 3rd quarter. Voya Financial Advisors Inc. now owns 3,583 shares of the company’s stock worth $383,000 after acquiring an additional 122 shares in the last quarter. Redpoint Investment Management Pty Ltd grew its holdings in Royal Caribbean Cruises by 3.7% during the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 12,919 shares of the company’s stock worth $1,400,000 after acquiring an additional 460 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $375,000. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Royal Caribbean Cruises by 1.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 154,683 shares of the company’s stock valued at $16,757,000 after purchasing an additional 2,701 shares in the last quarter. Institutional investors own 74.98% of the company’s stock.
RCL has been the subject of several research reports. William Blair cut shares of Royal Caribbean Cruises from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 5th. Deutsche Bank lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating and cut their price objective for the company from $143.00 to $80.00 in a report on Friday, February 28th. Goldman Sachs Group reduced their price objective on shares of Royal Caribbean Cruises from to in a research note on Tuesday, March 10th. SunTrust Banks lowered their target price on Royal Caribbean Cruises from $164.00 to $102.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, Berenberg Bank cut Royal Caribbean Cruises to a “hold” rating and set a $127.00 target price on the stock. in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $115.69.
RCL traded down $1.80 during trading on Thursday, hitting $40.61. The stock had a trading volume of 35,057,113 shares, compared to its average volume of 9,197,902. The company has a market capitalization of $7.20 billion, a PE ratio of 4.54, a PEG ratio of 0.77 and a beta of 1.72. Royal Caribbean Cruises Ltd has a twelve month low of $19.25 and a twelve month high of $135.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.13 and a current ratio of 0.15. The stock has a 50 day simple moving average of $76.69 and a two-hundred day simple moving average of $108.22.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.01. Royal Caribbean Cruises had a return on equity of 17.06% and a net margin of 17.16%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd will post 4.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.12 annualized dividend and a yield of 7.68%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 32.70%.
Royal Caribbean Cruises Profile
Royal Caribbean Cruises Ltd. 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 23 nights.
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