Royal Caribbean Cruises Ltd (RCL) Shares Bought by Mason Street Advisors LLC

Mason Street Advisors LLC lifted its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.3% during the 1st quarter, Holdings Channel reports. The firm owned 24,471 shares of the company’s stock after acquiring an additional 309 shares during the quarter. Mason Street Advisors LLC’s holdings in Royal Caribbean Cruises were worth $2,805,000 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. JOYN Advisors Inc. grew its stake in shares of Royal Caribbean Cruises by 118.2% in the 4th quarter. JOYN Advisors Inc. now owns 312 shares of the company’s stock worth $31,000 after purchasing an additional 169 shares during the last quarter. Athena Capital Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $32,000. Exane Derivatives grew its stake in shares of Royal Caribbean Cruises by 3,509.1% in the 4th quarter. Exane Derivatives now owns 397 shares of the company’s stock worth $39,000 after purchasing an additional 386 shares during the last quarter. First Manhattan Co. acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $40,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Royal Caribbean Cruises by 92.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock worth $40,000 after purchasing an additional 166 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

In related news, SVP Henry L. Pujol sold 4,134 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $128.20, for a total transaction of $529,978.80. Following the transaction, the senior vice president now owns 45,342 shares of the company’s stock, valued at $5,812,844.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maritza Gomez Montiel sold 2,700 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $126.49, for a total transaction of $341,523.00. Following the transaction, the director now directly owns 3,081 shares in the company, valued at approximately $389,715.69. The disclosure for this sale can be found here. In the last three months, insiders sold 40,440 shares of company stock worth $4,933,191. Insiders own 13.07% of the company’s stock.

Several research analysts have commented on the stock. Citigroup raised their target price on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Buckingham Research raised their price target on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Wedbush restated an “underweight” rating and set a $145.00 price target (up from $140.00) on shares of Royal Caribbean Cruises in a report on Thursday, May 2nd. They noted that the move was a valuation call. Deutsche Bank restated a “buy” rating and set a $140.00 price target on shares of Royal Caribbean Cruises in a report on Wednesday, May 1st. Finally, Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $144.57.

Shares of RCL opened at $123.11 on Tuesday. The company has a market cap of $26.18 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.14 and a current ratio of 0.16. 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 issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.20. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.38 billion. Royal Caribbean Cruises had a net margin of 18.60% and a return on equity of 17.23%. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. Analysts predict that Royal Caribbean Cruises Ltd will post 9.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 4th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, June 3rd. Royal Caribbean Cruises’s dividend payout ratio is 31.60%.

ILLEGAL ACTIVITY NOTICE: “Royal Caribbean Cruises Ltd (RCL) Shares Bought by Mason Street Advisors LLC” was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/05/21/royal-caribbean-cruises-ltd-rcl-shares-bought-by-mason-street-advisors-llc.html.

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.

Read More: Gross Domestic Product (GDP)

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).

Institutional Ownership by Quarter for Royal Caribbean Cruises (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.