Tiger Veda Management Exits Position in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Tiger Veda 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 20, 2016 with the SEC. The investment management company has sold out 81,576 shares of Royal Caribbean Cruises Ltd which is valued at $6,020,309.

Royal Caribbean Cruises Ltd closed down -3 points or -3.91% at $73.8 with 50,17,038 shares getting traded on Friday. Post opening the session at $76.52, the shares hit an intraday low of $73.38 and an intraday high of $76.5699 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Regent Investment Management boosted its stake in RCL in the latest quarter, The investment management firm added 730 additional shares and now holds a total of 3,130 shares of Royal Caribbean Cruises Ltd which is valued at $230,994. Royal Caribbean Cruises Ltd makes up approx 0.13% of Regent Investment Management’s portfolio.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.Atalanta Sosnoff Capital boosted its stake in RCL in the latest quarter, The investment management firm added 319,459 additional shares and now holds a total of 552,500 shares of Royal Caribbean Cruises Ltd which is valued at $44,780,125. Royal Caribbean Cruises Ltd makes up approx 1.40% of Atalanta Sosnoff Capital’s portfolio. Bkd Wealth Advisors sold out all of its stake in RCL during the most recent quarter. The investment firm sold 2,101 shares of RCL which is valued $170,286.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.

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 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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