ARP Americas LP Takes Position in Royal Caribbean Cruises Ltd (NYSE:RCL)

ARP Americas LP purchased a new stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 6,721 shares of the company’s stock, valued at approximately $338,000.

Several other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Royal Caribbean Cruises in the first quarter valued at about $28,000. Allworth Financial LP grew its stake in shares of Royal Caribbean Cruises by 350.0% during the first quarter. Allworth Financial LP now owns 900 shares of the company’s stock worth $29,000 after acquiring an additional 700 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 67.1% during the first quarter. Valeo Financial Advisors LLC now owns 747 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. First Command Bank grew its stake in shares of Royal Caribbean Cruises by 211.0% during the second quarter. First Command Bank now owns 622 shares of the company’s stock worth $32,000 after acquiring an additional 422 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Royal Caribbean Cruises during the first quarter worth about $38,000. Hedge funds and other institutional investors own 66.86% of the company’s stock.

Shares of Royal Caribbean Cruises stock traded down $1.59 on Friday, reaching $48.71. The company’s stock had a trading volume of 7,496,630 shares, compared to its average volume of 11,267,574. The company has a market capitalization of $10.20 billion, a P/E ratio of 57.99 and a beta of 2.50. Royal Caribbean Cruises Ltd has a 52-week low of $19.25 and a 52-week high of $135.32. The stock has a 50-day moving average price of $52.28 and a 200-day moving average price of $63.46. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 1.26.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($1.48) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.85). The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. Royal Caribbean Cruises had a net margin of 1.75% and a return on equity of 12.34%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share. Sell-side analysts forecast that Royal Caribbean Cruises Ltd will post -14.6 earnings per share for the current fiscal year.

In other news, Director Donald Thompson purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $53.24 per share, for a total transaction of $1,064,800.00. 13.09% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on the company. Cfra upgraded Royal Caribbean Cruises to a “hold” rating in a research note on Thursday, May 21st. Barclays downgraded Royal Caribbean Cruises from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $55.00 to $50.00 in a report on Wednesday, June 24th. TheStreet downgraded Royal Caribbean Cruises from a “c” rating to a “d+” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $50.00 to $72.00 in a report on Thursday, June 11th. Finally, ValuEngine raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. Royal Caribbean Cruises has a consensus rating of “Hold” and an average target price of $80.11.

About Royal Caribbean Cruises

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

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