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Cuts Holdings in Royal Caribbean Cruises Ltd. (RCL)

02 Novembre 2017

Tributary Capital Management LLC cut its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. Royal Caribbean Cruises makes up 1.7% of Baillie Gifford & Co.'s holdings, making the stock its 14th biggest position.

A number of other institutional investors have also made changes to their positions in the business. Capital Growth Management LP bought a new stake in Royal Caribbean Cruises during the 2nd quarter valued at approximately $61,933,000. Zacks Investment Research raised shares of Royal Caribbean Cruises from a sell rating to a hold rating in a report on Tuesday, November 1st. The Buckingham Capital Management Inc holds 142,025 shares with $15.51 million value, up from 136,550 last quarter. Royal Caribbean Cruises Ltd (NYSE:RCL) has risen 38.22% since November 1, 2016 and is uptrending. Finally, Pinebridge Investments L.P. bought a new position in Royal Caribbean Cruises during the 2nd quarter worth $121,000. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The shares were sold at an average price of $119.61, for a total value of $906,643.80. Following the completion of the sale, the senior vice president now owns 46,959 shares of the company's stock, valued at $3,565,596.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 204,580 shares of company stock valued at $24,459,144. Of the 22 analysts surveyed by Reuters that track RCL 4 of them rate its stock a hold. A 18 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of RCL or, if they already own its stock, sell it. BidaskClub upgraded Royal Caribbean Cruises from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 17th. Nomura upped their target price on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock.

ILLEGAL ACTIVITY NOTICE: "Baillie Gifford & Co".

Shares of Royal Caribbean Cruises Ltd.

COPYRIGHT VIOLATION WARNING: This story was first reported by StockNewsTimes and is the property of of StockNewsTimes. Acadian Asset Ltd holds 391 shares. Westpac Banking Corp invested 0% in Royal Caribbean Cruises Ltd (NYSE:RCL). The volume of the company in the last trading session was 1.45 Million. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) has "Equal-Weight" rating given on Tuesday, January 5 by Morgan Stanley. They now have a Dollars 114 price target on the stock. The company has market cap of $2.82 billion.

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07/20/2017 - Royal Caribbean Cruises Ltd. was upgraded to "overweight" by analysts at JP Morgan. The company reported $1.71 EPS for the quarter, beating the Zacks' consensus estimate of $1.67 by $0.04.

According to 27 analysts, the Average Revenue Estimate for the current Fiscal quarter is $2.41 Billion and the Low Revenue estimate is $2.29 Billion, while the High Revenue estimate is $2.51 Billion. The Return on Investment and Return on Equity (ROE) values are 8.1 percent and 16.7 percent, respectively. Analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.40 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Thursday, September 29th were given a $0.48 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Tuesday, September 27th. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.48. Royal Caribbean Cruises's dividend payout ratio is presently 33.86%. Also Thestreet.com published the news titled: "Royal Caribbean Faces Suit Alleging Passengers Pressured to Travel Amid Harvey" on October 05, 2017. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Firm 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).

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Cuts Holdings in Royal Caribbean Cruises Ltd. (RCL)