Trade Report: Today, RMB Capital Management LLC Sold shares of Royal Caribbean Cruises Ltd. (RCL)

Today, RMB Capital Management LLC Sold shares of Royal Caribbean Cruises Ltd. (RCL)

RMB Capital Management LLC decreased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 51.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 28,015 shares of the company’s stock after selling 30,107 shares during the period. RMB Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $2,100,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in RCL. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 2.3% in the second quarter. Vanguard Group Inc. now owns 15,394,128 shares of the company’s stock valued at $1,033,716,000 after buying an additional 344,473 shares during the last quarter. Primecap Management Co. CA boosted its position in Royal Caribbean Cruises by 31.6% in the second quarter. Primecap Management Co. CA now owns 7,721,989 shares of the company’s stock valued at $518,532,000 after buying an additional 1,852,117 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Royal Caribbean Cruises by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,324,669 shares of the company’s stock valued at $156,118,000 after buying an additional 44,087 shares during the last quarter. Bessemer Group Inc. boosted its position in Royal Caribbean Cruises by 33.9% in the second quarter. Bessemer Group Inc. now owns 1,521,508 shares of the company’s stock valued at $102,169,000 after buying an additional 384,918 shares during the last quarter. Finally, Prudential PLC boosted its position in Royal Caribbean Cruises by 8.1% in the second quarter. Prudential PLC now owns 1,501,000 shares of the company’s stock valued at $100,792,000 after buying an additional 112,000 shares during the last quarter. 76.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up 0.52% during mid-day trading on Friday, reaching $83.02. 628,154 shares of the company’s stock traded hands. The company’s 50-day moving average price is $75.93 and its 200-day moving average price is $73.15. Royal Caribbean Cruises Ltd. has a 12-month low of $64.21 and a 12-month high of $103.40. The stock has a market capitalization of $17.81 billion, a PE ratio of 14.68 and a beta of 1.26.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Friday, October 28th. The company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.10. The business earned $2.56 billion during the quarter, compared to the consensus estimate of $2.58 billion. Royal Caribbean Cruises had a net margin of 14.48% and a return on equity of 15.29%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.84 earnings per share. Analysts anticipate that Royal Caribbean Cruises Ltd. will post $6.07 earnings per share for the current year.

Several equities analysts have recently weighed in on RCL shares. Citigroup Inc. reissued a “buy” rating and set a $95.00 price target on shares of Royal Caribbean Cruises in a report on Wednesday, August 24th. Zacks Investment Research raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating and set a $84.00 target price on the stock in a report on Monday, October 3rd. Deutsche Bank AG started coverage on Royal Caribbean Cruises in a report on Thursday, September 29th. They issued a “hold” rating and a $81.00 target price on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a $100.00 target price on shares of Royal Caribbean Cruises in a report on Monday, November 7th. Finally, Nomura reaffirmed a “buy” rating and issued a $83.00 target price on shares of Royal Caribbean Cruises in a report on Wednesday, September 14th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $90.57.

In other news, CFO Jason T. Liberty sold 6,649 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $76.51, for a total transaction of $508,714.99. Following the completion of the sale, the chief financial officer now owns 33,657 shares of the company’s stock, valued at $2,575,097.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bernt Reitan sold 8,691 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $76.53, for a total transaction of $665,122.23. Following the sale, the director now directly owns 19,768 shares of the company’s stock, valued at approximately $1,512,845.04. The disclosure for this sale can be found here. Insiders own 16.80% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

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