Royal Caribbean Cruises Ltd (RCL) : Roanoke Asset Management Corp Ny scooped up 7,570 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 2, 2016. The investment management firm now holds a total of 55,115 shares of Royal Caribbean Cruises Ltd which is valued at $3,790,259.Royal Caribbean Cruises Ltd makes up approximately 1.67% of Roanoke Asset Management Corp Ny’s portfolio.
Other Hedge Funds, Including , Davy Asset Management Ltd reduced its stake in RCL by selling 9,770 shares or 32.21% in the most recent quarter. The Hedge Fund company now holds 20,559 shares of RCL which is valued at $1,413,842. Royal Caribbean Cruises Ltd makes up approx 0.28% of Davy Asset Management Ltd’s portfolio.Moody Lynn Lieberson boosted its stake in RCL in the latest quarter, The investment management firm added 57 additional shares and now holds a total of 5,750 shares of Royal Caribbean Cruises Ltd which is valued at $416,530. Royal Caribbean Cruises Ltd makes up approx 0.07% of Moody Lynn Lieberson’s portfolio.Stoneridge Investment Partners boosted its stake in RCL in the latest quarter, The investment management firm added 2,661 additional shares and now holds a total of 101,624 shares of Royal Caribbean Cruises Ltd which is valued at $7,444,974. Royal Caribbean Cruises Ltd makes up approx 1.05% of Stoneridge Investment Partners’s portfolio. Capital Management Corp Va added RCL to its portfolio by purchasing 45,725 company shares during the most recent quarter which is valued at $3,337,011. Royal Caribbean Cruises Ltd makes up approx 1.23% of Capital Management Corp Va’s portfolio. Central Bank Trust Co sold out all of its stake in RCL during the most recent quarter. The investment firm sold 225 shares of RCL which is valued $16,331.
Royal Caribbean Cruises Ltd closed down -0.5 points or -0.67% at $73.98 with 14,84,913 shares getting traded on Monday. Post opening the session at $74.5, the shares hit an intraday low of $73.73 and an intraday high of $75.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 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.