BB&T Securities LLC Increases Holdings in Royal Caribbean Cruises Ltd (RCL)

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BB&T Securities LLC boosted its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 22.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 50,407 shares of the company’s stock after purchasing an additional 9,146 shares during the period. BB&T Securities LLC’s holdings in Royal Caribbean Cruises were worth $4,929,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in RCL. Exane Derivatives raised its position in Royal Caribbean Cruises by 3,509.1% in the fourth quarter. Exane Derivatives now owns 397 shares of the company’s stock worth $39,000 after acquiring an additional 386 shares during the period. Financial Advantage Inc. bought a new stake in Royal Caribbean Cruises in the fourth quarter worth about $54,000. Advisors Asset Management Inc. bought a new stake in Royal Caribbean Cruises in the fourth quarter worth about $57,000. Essex Savings Bank bought a new stake in Royal Caribbean Cruises in the fourth quarter worth about $78,000. Finally, Private Capital Group LLC raised its position in Royal Caribbean Cruises by 27.9% in the fourth quarter. Private Capital Group LLC now owns 811 shares of the company’s stock worth $80,000 after acquiring an additional 177 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on RCL. Nomura lowered their price objective on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $103.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, October 26th. Wolfe Research set a $151.00 price objective on shares of Royal Caribbean Cruises and gave the stock a “buy” rating in a research report on Tuesday, December 11th. Wells Fargo & Co lowered their price objective on shares of Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th. Finally, Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Friday, January 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Royal Caribbean Cruises has a consensus rating of “Buy” and a consensus target price of $140.08.

In other news, CEO Richard D. Fain acquired 18,900 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, December 13th. The stock was bought at an average price of $105.60 per share, with a total value of $1,995,840.00. Following the completion of the purchase, the chief executive officer now owns 842,537 shares in the company, valued at $88,971,907.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernt Reitan sold 1,578 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $106.58, for a total transaction of $168,183.24. The disclosure for this sale can be found here. 15.26% of the stock is owned by company insiders.

RCL opened at $116.10 on Tuesday. The stock has a market capitalization of $24.00 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd has a twelve month low of $89.48 and a twelve month high of $133.60.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Wednesday, January 30th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.02. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. Royal Caribbean Cruises had a net margin of 19.08% and a return on equity of 17.08%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $7.53 earnings per share. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd will post 9.95 EPS for the current fiscal year.

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About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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