Royal Caribbean Cruises Ltd (RCL) : Folketrygdfondet 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 May 12, 2016 with the SEC. The investment management company has sold out 4,512,300 shares of Royal Caribbean Cruises Ltd which is valued at $341.3 Million.
Other Hedge Funds, Including , Lazard Asset Management added RCL to its portfolio by purchasing 136 company shares during the most recent quarter which is valued at $10,287.Proshare Advisors reduced its stake in RCL by selling 8,670 shares or 22.12% in the most recent quarter. The Hedge Fund company now holds 30,524 shares of RCL which is valued at $2.3 Million. Royal Caribbean Cruises Ltd makes up approx 0.03% of Proshare Advisors’s portfolio.Diam Ltd. boosted its stake in RCL in the latest quarter, The investment management firm added 3,091 additional shares and now holds a total of 61,348 shares of Royal Caribbean Cruises Ltd which is valued at $4.6 Million. Royal Caribbean Cruises Ltd makes up approx 0.07% of Diam Ltd.’s portfolio. Waratah Capital Advisors Ltd. sold out all of its stake in RCL during the most recent quarter. The investment firm sold 3,051 shares of RCL which is valued $228,215. Asset Dedication sold out all of its stake in RCL during the most recent quarter. The investment firm sold 22 shares of RCL which is valued $1,703.
Royal Caribbean Cruises Ltd opened for trading at $77.38 and hit $78.94 on the upside on Friday, eventually ending the session at $78.9, with a gain of 2.73% or 2.1 points. The heightened volatility saw the trading volume jump to 19,78,015 shares. Company has a market cap of $16,983 M.
On the company’s financial health, Royal Caribbean Cruises Ltd reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $1917.79 million for the quarter, compared to analysts expectations of $1911.18 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
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.