Royal Caribbean Cruises Ltd (RCL) CEO Sells $1936000.00 in Stock

20 March, 2017, 22:55 | Author: Oscar Goodwin
  • Legend of the Seas departing from Dubai

Global X Management Co. United Capital Financial Advisers LLC raised its stake in shares of Royal Caribbean Cruises by 1.1% in the fourth quarter. Synovus Financial Corp bought a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $231,000. Finally, Creative Planning raised its position in shares of Royal Caribbean Cruises by 235.2% in the third quarter. Financial Architects Inc now owns 3,522 shares of the company's stock worth $263,000 after buying an additional 22 shares in the last quarter. First Republic Invest Mngmt Inc has invested 0.01% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL). Wetherby Asset Management Inc. now owns 3,655 shares of the company's stock worth $300,000 after buying an additional 317 shares in the last quarter. Hartwell J M Limited Partnership now owns 3,750 shares of the company's stock valued at $281,000 after buying an additional 600 shares during the last quarter.

Royal Caribbean Cruises Ltd (NYSE:RCL) traded up 0.84% during midday trading on Friday, reaching $97.80. The total market capitalization remained at $21.18 billion. Royal Caribbean Cruises Ltd. has a 52-week low of 64.95 and a 52-week high of 98.46. The firm has a 50-day moving average of $95.66 and a 200-day moving average of $82.20.

Royal Caribbean Cruises Ltd Last issued its quarterly earnings results on Jan 26, 2017. Employees Retirement Sys Of Texas reported 11,000 shares or 0.01% of all its holdings. At present, the Gross Margin for Royal Caribbean Cruises Ltd. RCL Resorts & Casinos is moving around at 41.00% alongside a Profit Margin of 15.10%. The company earned $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter past year, the firm earned $0.94 EPS. Additionally when measured on a five year annualized basis, dividend per share growth ranked highest relative to its industry peers, while earnings per share growth is in-line with the industry average. Royal Caribbean Cruises Ltd. Resorts & Casinos holds an EPS of 6.03 that demonstrates an EPS growth this year at 96.70%. Investors of record on Tuesday, March 7th will be paid a $0.48 dividend. The ex-dividend date is Friday, March 3rd.

Most cruise ships calling on Penang now carry between 1,000 and 3,000 passengers as the present pier could only hold up to two such ships.

A number of research firms have recently issued reports on RCL. Instinet upped their price objective on Royal Caribbean Cruises to $114.00 and gave the company a "buy" rating in a report on Friday, January 27th. Sanford C. Bernstein set a $102.00 price target on Royal Caribbean Cruises and gave the company a "buy" rating in a report on Tuesday, December 6th.

09/29/2016 - Deutsche Bank began new coverage on Royal Caribbean Cruises Ltd. giving the company a "hold" rating. In a research note issued on Jan 30, 2017, analysts at Argus lifted the stock to Buy from Hold. The company now has a consensus rating of "Buy" and a consensus target price of $95.87.

The buoyancy in the outlook of Royal Caribbean Cruises Ltd. (RCL) is getting stronger by the somewhat negative sentiment (1.80 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy.

Company has reported several Insider transactions to the SEC, on Mar 2, 2017, Lawrence R Pimentel (Pres&CEO, Azamara Club Cruises) sold 9,000 shares at 97.30 per share price.On Feb 28, 2017, Henry L Pujol (SVP, Chief Accounting Officer) sold 10,437 shares at 95.84 per share price.On Feb 17, 2017, Bradley H Stein (SVP, GC & ChiefComplianceOff) sold 861 shares at 96.68 per share price.

Richard Fain, an insider of Royal Caribbean Cruises Ltd, now Chairman & CEO a few days ago disclosed a deal with the Washington-based Security and Exchange Commission. Liberty Jason T also sold $838,441 worth of Royal Caribbean Cruises Ltd (NYSE:RCL) on Wednesday, February 8. The shares were sold at an average price of $97.30, for a total transaction of $875,700.00. Similar statistics are true for the second largest owner, Baillie Gifford & Co, which owns 13,770,426 shares of the stock are valued at $1.33 billion.

The current assessment forRoyal Caribbean Cruises Ltd. (NYSE:RCL) Resorts & Casinos on its PE ratio displays a value of 16.08 with a Forward PE of 12.07. Royal Caribbean International offers a range of itineraries to the destinations, including Alaska, Asia, Australia, Canada, the Caribbean, the Panama Canal and New Zealand with cruise lengths that range from 2 to 24 nights.

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