Channing Capital Management buys $19,985,112 stake in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Channing Capital Management scooped up 39,837 additional shares in Royal Caribbean Cruises Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 290,608 shares of Royal Caribbean Cruises Ltd which is valued at $19,985,112.Royal Caribbean Cruises Ltd makes up approximately 0.80% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in RCL in the latest quarter, The investment management firm added 83 additional shares and now holds a total of 21,222 shares of Royal Caribbean Cruises Ltd which is valued at $1,459,437. Royal Caribbean Cruises Ltd makes up approx 0.02% of Ngam Advisors’s portfolio.Advisory Services Network boosted its stake in RCL in the latest quarter, The investment management firm added 506 additional shares and now holds a total of 885 shares of Royal Caribbean Cruises Ltd which is valued at $64,835. Royal Caribbean Cruises Ltd makes up approx 0.01% of Advisory Services Network’s portfolio.Capstone Asset Management Co boosted its stake in RCL in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 12,207 shares of Royal Caribbean Cruises Ltd which is valued at $885,984. Royal Caribbean Cruises Ltd makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Quotient Investors boosted its stake in RCL in the latest quarter, The investment management firm added 8,697 additional shares and now holds a total of 18,177 shares of Royal Caribbean Cruises Ltd which is valued at $1,319,287. Royal Caribbean Cruises Ltd makes up approx 0.60% of Quotient Investors’s portfolio.

Royal Caribbean Cruises Ltd opened for trading at $69.42 and hit $74.43 on the upside on Thursday, eventually ending the session at $73.3, with a gain of 6.59% or 4.53 points. The heightened volatility saw the trading volume jump to 65,54,966 shares. Company has a market cap of $15,777 M.

On the company’s financial health, Royal Caribbean Cruises Ltd reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.02. The company had revenue of $2105.30 million for the quarter, compared to analysts expectations of $2167.28 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on Royal Caribbean Cruises Ltd. Shares were Reiterated by Stifel on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 94 from a previous price target of $99 .Sterne Agee CRT Initiated Royal Caribbean Cruises Ltd on Jun 7, 2016 to “Neutral”, Price Target of the shares are set at $83.Shares were Reiterated by Morgan Stanley on May 26, 2016 to “Equal-Weight” and Lowered the Price Target to $ 80 from a previous price target of $99 .

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 Company’s 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.

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