Landscape Capital Management L.L.C. grew its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 308.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,069 shares of the company’s stock after purchasing an additional 34,031 shares during the period. Landscape Capital Management L.L.C.’s holdings in Royal Caribbean Cruises were worth $5,463,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Advisors Inc. lifted its position in Royal Caribbean Cruises by 3.8% in the first quarter. Cornerstone Advisors Inc. now owns 2,294 shares of the company’s stock valued at $263,000 after purchasing an additional 84 shares during the period. Intrust Bank NA increased its position in shares of Royal Caribbean Cruises by 3.4% in the 1st quarter. Intrust Bank NA now owns 2,754 shares of the company’s stock worth $315,000 after purchasing an additional 91 shares during the last quarter. BancorpSouth Bank increased its position in shares of Royal Caribbean Cruises by 2.6% in the 2nd quarter. BancorpSouth Bank now owns 3,860 shares of the company’s stock worth $468,000 after purchasing an additional 96 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Royal Caribbean Cruises by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the company’s stock worth $1,043,000 after purchasing an additional 100 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its position in shares of Royal Caribbean Cruises by 0.5% in the 1st quarter. Commonwealth Bank of Australia now owns 21,279 shares of the company’s stock worth $2,434,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 72.72% of the company’s stock.
Shares of NYSE RCL traded down $0.03 during trading hours on Thursday, hitting $104.16. 48,592 shares of the stock were exchanged, compared to its average volume of 2,096,456. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $112.88. The stock has a market cap of $21.81 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.04 and a beta of 1.34. Royal Caribbean Cruises Ltd has a one year low of $89.48 and a one year high of $133.60.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.09. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.79 billion. Royal Caribbean Cruises had a net margin of 17.82% and a return on equity of 17.39%. Royal Caribbean Cruises’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 EPS. On average, analysts anticipate that Royal Caribbean Cruises Ltd will post 9.67 EPS for the current year.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $108.46, for a total value of $2,169,200.00. Following the completion of the sale, the chief executive officer now directly owns 905,651 shares of the company’s stock, valued at approximately $98,226,907.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.07% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on RCL shares. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Deutsche Bank reduced their price target on shares of Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Buckingham Research upped their price target on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. ValuEngine lowered shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Citigroup increased their target price on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Royal Caribbean Cruises has a consensus rating of “Hold” and a consensus price target of $142.50.
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.
Recommended Story: What are the reasons investors use put options?
Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd (NYSE:RCL).
Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.