Icon Advisers Inc. Co. Has $6.33 Million Position in Royal Caribbean Cruises Ltd (NYSE:RCL)

Icon Advisers Inc. Co. lifted its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 28.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,370 shares of the company’s stock after acquiring an additional 11,800 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Royal Caribbean Cruises were worth $6,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RCL. TLP Group LLC acquired a new position in Royal Caribbean Cruises during the 2nd quarter worth $105,000. Acrospire Investment Management LLC lifted its holdings in Royal Caribbean Cruises by 25.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after buying an additional 200 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at $119,000. Pinebridge Investments L.P. bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $121,000. Finally, ClariVest Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at $142,000. 73.28% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total transaction of $2,425,800.00. Following the completion of the transaction, the chief executive officer now owns 927,741 shares of the company’s stock, valued at $112,525,705.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 60,000 shares of company stock valued at $7,415,000 in the last three months. 15.30% of the stock is owned by insiders.

Royal Caribbean Cruises Ltd (NYSE RCL) traded up $1.03 during trading on Thursday, reaching $124.05. 1,298,783 shares of the company’s stock traded hands, compared to its average volume of 1,557,746. Royal Caribbean Cruises Ltd has a 52-week low of $81.59 and a 52-week high of $133.75. The company has a market cap of $26,294.40, a PE ratio of 16.55, a P/E/G ratio of 0.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the firm earned $3.20 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. equities analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio is presently 32.43%.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Wedbush restated an “outperform” rating and issued a $139.00 price objective (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Wells Fargo & Company restated an “outperform” rating and issued a $135.00 price objective (up previously from $128.00) on shares of Royal Caribbean Cruises in a research report on Monday, November 6th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Buckingham Research upped their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $127.28.

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Royal Caribbean Cruises Company 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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