Jupiter Asset Management Ltd Lowers stake in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Jupiter Asset Management Ltd reduced its stake in Royal Caribbean Cruises Ltd by 49.7% during the most recent quarter end. The investment management company now holds a total of 1,310,131 shares of Royal Caribbean Cruises Ltd which is valued at $99.1 Million after selling 1,294,436 shares in Royal Caribbean Cruises Ltd , the firm said in a disclosure report filed with the SEC on May 11, 2016.Royal Caribbean Cruises Ltd makes up approximately 4.20% of Jupiter Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Comerica Bank boosted its stake in RCL in the latest quarter, The investment management firm added 18,583 additional shares and now holds a total of 82,737 shares of Royal Caribbean Cruises Ltd which is valued at $6.3 Million. Royal Caribbean Cruises Ltd makes up approx 0.06% of Comerica Bank’s portfolio. Ssi Investment Management Inc added RCL to its portfolio by purchasing 2,480 company shares during the most recent quarter which is valued at $187,587. Royal Caribbean Cruises Ltd makes up approx 0.06% of Ssi Investment Management Inc’s portfolio. Whittier Trust Co added RCL to its portfolio by purchasing 1,018 company shares during the most recent quarter which is valued at $78,793.Sumitomo Life Insurance Co reduced its stake in RCL by selling 481 shares or 2.94% in the most recent quarter. The Hedge Fund company now holds 15,898 shares of RCL which is valued at $1.2 Million. Royal Caribbean Cruises Ltd makes up approx 0.16% of Sumitomo Life Insurance Co’s portfolio.

Royal Caribbean Cruises Ltd opened for trading at $75.55 and hit $76.94 on the upside on Monday, eventually ending the session at $76.67, with a gain of 1.36% or 1.03 points. The heightened volatility saw the trading volume jump to 12,25,460 shares. Company has a market cap of $16,503 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 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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