Lido Advisors LLC Buys Shares of 5,585 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Lido Advisors LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Rating) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,585 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RCL. Panagora Asset Management Inc. increased its holdings in Royal Caribbean Cruises by 21.8% during the first quarter. Panagora Asset Management Inc. now owns 11,553 shares of the company’s stock valued at $968,000 after buying an additional 2,068 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Royal Caribbean Cruises by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,004 shares of the company’s stock worth $2,514,000 after purchasing an additional 1,861 shares during the period. Yousif Capital Management LLC boosted its position in shares of Royal Caribbean Cruises by 2.3% in the first quarter. Yousif Capital Management LLC now owns 35,806 shares of the company’s stock worth $3,000,000 after purchasing an additional 818 shares during the period. Aviva PLC boosted its position in shares of Royal Caribbean Cruises by 65.5% in the first quarter. Aviva PLC now owns 54,096 shares of the company’s stock worth $4,532,000 after purchasing an additional 21,415 shares during the period. Finally, Prudential PLC bought a new position in shares of Royal Caribbean Cruises in the first quarter worth approximately $300,000. 74.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 78,927 shares of the stock in a transaction on Monday, December 12th. The shares were sold at an average price of $57.00, for a total transaction of $4,498,839.00. Following the completion of the transaction, the director now owns 21,078,232 shares in the company, valued at $1,201,459,224. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $67.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $86.00 to $90.00 in a research report on Wednesday, February 8th. Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, February 10th. JPMorgan Chase & Co. lowered shares of Royal Caribbean Cruises from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $106.00 to $47.00 in a research report on Tuesday, December 6th. Finally, UBS Group upped their target price on shares of Royal Caribbean Cruises from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $76.23.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $66.86 on Friday. Royal Caribbean Cruises Ltd. has a 52 week low of $31.09 and a 52 week high of $87.68. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 7.43. The company has a fifty day simple moving average of $66.68 and a two-hundred day simple moving average of $55.96.

Royal Caribbean Cruises (NYSE:RCL – Get Rating) last released its quarterly earnings data on Tuesday, February 7th. The company reported ($1.12) EPS for the quarter, beating the consensus estimate of ($1.37) by $0.25. Royal Caribbean Cruises had a negative net margin of 24.39% and a negative return on equity of 56.86%. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business earned ($4.78) earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 165.0% compared to the same quarter last year. Research analysts predict that Royal Caribbean Cruises Ltd. will post 3.29 EPS for the current fiscal year.

About Royal Caribbean Cruises

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Royal Caribbean Group operates a fleet of cruise ships. It also operates as a global cruise company, which controls and operates the following global cruise brands: Royal Caribbean International, Celebrity Cruises, Silversea Cruises, and Hapag-Lloyd Cruises. The firm also holds interest in TUI Cruises, Pullmantur, and SkySea Cruises brands.