Sawtooth Solutions LLC Cuts Stock Holdings in Royal Caribbean Cruises Ltd (NYSE:RCL)

Sawtooth Solutions LLC lessened its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,444 shares of the company’s stock after selling 90 shares during the quarter. Sawtooth Solutions LLC’s holdings in Royal Caribbean Cruises were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Synovus Financial Corp raised its holdings in Royal Caribbean Cruises by 12.6% during the 1st quarter. Synovus Financial Corp now owns 4,061 shares of the company’s stock worth $467,000 after purchasing an additional 453 shares during the last quarter. Bank of America Corp DE raised its holdings in Royal Caribbean Cruises by 20.3% during the 4th quarter. Bank of America Corp DE now owns 399,132 shares of the company’s stock worth $39,031,000 after purchasing an additional 67,439 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in Royal Caribbean Cruises by 41.7% during the 4th quarter. First Allied Advisory Services Inc. now owns 2,224 shares of the company’s stock worth $214,000 after purchasing an additional 654 shares during the last quarter. BB&T Corp grew its position in shares of Royal Caribbean Cruises by 4.1% during the 1st quarter. BB&T Corp now owns 68,148 shares of the company’s stock worth $7,812,000 after buying an additional 2,678 shares during the period. Finally, Perella Weinberg Partners Capital Management LP acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $8,886,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

Several analysts have recently commented on RCL shares. Wedbush reaffirmed an “underweight” rating and set a $145.00 price objective (up previously from $140.00) on shares of Royal Caribbean Cruises in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Citigroup raised their price objective on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Deutsche Bank reaffirmed a “buy” rating and set a $140.00 price objective on shares of Royal Caribbean Cruises in a research report on Wednesday, May 1st. Buckingham Research raised their price objective on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Nomura reduced their price objective on shares of Royal Caribbean Cruises from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $143.75.

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 2,700 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Henry L. Pujol sold 4,134 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $128.20, for a total value of $529,978.80. Following the transaction, the senior vice president now owns 45,342 shares in the company, valued at $5,812,844.40. The disclosure for this sale can be found here. 13.07% of the stock is currently owned by company insiders.

NYSE RCL traded up $2.01 during mid-day trading on Friday, hitting $121.21. The company’s stock had a trading volume of 2,066,964 shares, compared to its average volume of 1,521,219. The firm’s 50 day moving average price is $121.99. Royal Caribbean Cruises Ltd has a twelve month low of $89.48 and a twelve month high of $133.60. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $24.99 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.41.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.31 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the firm posted $1.09 EPS. Royal Caribbean Cruises’s revenue was up 20.3% compared to the same quarter last year. On average, analysts predict that Royal Caribbean Cruises Ltd will post 9.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, June 3rd. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.60%.

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.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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