Royal Caribbean Cruises Ltd (RCL) : Concannon Wealth Management has sold out all of its stake in Royal Caribbean Cruises Ltd during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 316 shares of Royal Caribbean Cruises Ltd which is valued at $23,321.
Royal Caribbean Cruises Ltd opened for trading at $76.46 and hit $78.18 on the upside on Wednesday, eventually ending the session at $77.98, with a gain of 2.28% or 1.74 points. The heightened volatility saw the trading volume jump to 24,52,703 shares. Company has a market cap of $16,954 M.
Other Hedge Funds, Including , Hartwell J M Limited Partnership sold out all of its stake in RCL during the most recent quarter. The investment firm sold 3,100 shares of RCL which is valued $228,780.New York State Teachers Retirement System reduced its stake in RCL by selling 190 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 285,226 shares of RCL which is valued at $21,049,679. Royal Caribbean Cruises Ltd makes up approx 0.05% of New York State Teachers Retirement System’s portfolio.Central Bank Trust Co reduced its stake in RCL by selling 300 shares or 57.14% in the most recent quarter. The Hedge Fund company now holds 225 shares of RCL which is valued at $18,236. Royal Caribbean Cruises Ltd makes up approx 0.01% of Central Bank Trust Co’s portfolio.Abner Herrman Brock boosted its stake in RCL in the latest quarter, The investment management firm added 81,415 additional shares and now holds a total of 95,320 shares of Royal Caribbean Cruises Ltd which is valued at $7,580,800. Royal Caribbean Cruises Ltd makes up approx 1.92% of Abner Herrman Brock’s portfolio.Eagle Asset Management Inc boosted its stake in RCL in the latest quarter, The investment management firm added 208,780 additional shares and now holds a total of 690,964 shares of Royal Caribbean Cruises Ltd which is valued at $54,952,367. Royal Caribbean Cruises Ltd makes up approx 0.39% of Eagle Asset Management Inc’s portfolio.
On the company’s financial health, Royal Caribbean Cruises Ltd reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.92. The company had revenue of $1902.00 million for the quarter, compared to analysts expectations of $1951.08 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Royal Caribbean Cruises Ltd. Shares were Reiterated by Wedbush on Feb 3, 2016 to “Outperform” and Lowered the Price Target to $ 99 from a previous price target of $110 .Shares were Reiterated by Barclays on Feb 3, 2016 to “Overweight” and Lowered the Price Target to $ 105 from a previous price target of $107 .
Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. The Company owns various brands such as Royal Caribbean International Celebrity Cruises Pullmantur Azamara Club Cruises CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105750 berths. The Companys ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents. Royal Caribbean International offers a variety of itineraries including Alaska Asia Australia Bahamas Bermuda Canada the Caribbean Europe the Panama Canal South America and New Zealand. Celebrity Cruises offers a variety of itineraries including Alaska Asia Australia Bermuda Canada the Caribbean Europe Hawaii New Zealand the Panama Canal and South America.