Hendley & Co. Inc. Raises Holdings in Royal Caribbean Cruises Ltd (NYSE:RCL)

Hendley & Co. Inc. raised its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 90.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,100 shares of the company’s stock after purchasing an additional 1,945 shares during the period. Hendley & Co. Inc.’s holdings in Royal Caribbean Cruises were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RCL. Rational Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 1,060.0% during the 1st quarter. Rational Advisors LLC now owns 232 shares of the company’s stock worth $27,000 after buying an additional 212 shares during the last quarter. JOYN Advisors Inc. lifted its position in shares of Royal Caribbean Cruises by 118.2% during the 4th quarter. JOYN Advisors Inc. now owns 312 shares of the company’s stock worth $31,000 after buying an additional 169 shares during the last quarter. Athena Capital Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $32,000. First Manhattan Co. bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth $40,000. Finally, Parkside Financial Bank & Trust raised its position in Royal Caribbean Cruises by 92.2% in the first quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock valued at $40,000 after purchasing an additional 166 shares during the last quarter. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on RCL shares. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Deutsche Bank reiterated a “buy” rating and issued a $140.00 price objective on shares of Royal Caribbean Cruises in a report on Wednesday, May 1st. Wells Fargo & Co upped their price target on Royal Caribbean Cruises from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, February 25th. Citigroup upped their target price on Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Buckingham Research upped their target price on Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $143.75.

In related news, SVP Henry L. Pujol sold 4,134 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $128.20, for a total transaction of $529,978.80. Following the completion of the sale, the senior vice president now owns 45,342 shares of the company’s stock, valued at approximately $5,812,844.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Maritza Gomez Montiel sold 2,700 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $126.49, for a total transaction of $341,523.00. Following the completion of the sale, the director now directly owns 3,081 shares of the company’s stock, valued at approximately $389,715.69. The disclosure for this sale can be found here. 13.07% of the stock is owned by corporate insiders.

Shares of Royal Caribbean Cruises stock opened at $124.13 on Monday. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.11 and a beta of 1.40. Royal Caribbean Cruises Ltd has a fifty-two week low of $89.48 and a fifty-two week high of $133.60. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.16 and a quick ratio of 0.14.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.20. Royal Caribbean Cruises had a net margin of 18.60% and a return on equity of 17.23%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd will post 9.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Tuesday, June 4th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.26%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.60%.

COPYRIGHT VIOLATION NOTICE: “Hendley & Co. Inc. Raises Holdings in Royal Caribbean Cruises Ltd (NYSE:RCL)” was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/06/17/hendley-co-inc-raises-holdings-in-royal-caribbean-cruises-ltd-nysercl.html.

Royal Caribbean Cruises Company Profile

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: Are sell-side analysts objective?

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.