Mirae Asset Global Investments Ltd. buys $21.5 Million stake in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Mirae Asset Global Investments Ltd. scooped up 85,420 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 May 12, 2016. The investment management firm now holds a total of 284,760 shares of Royal Caribbean Cruises Ltd which is valued at $21.5 Million.Royal Caribbean Cruises Ltd makes up approximately 0.60% of Mirae Asset Global Investments Ltd.’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in RCL in the latest quarter, The investment management firm added 6,132 additional shares and now holds a total of 30,599 shares of Royal Caribbean Cruises Ltd which is valued at $2.3 Million. Royal Caribbean Cruises Ltd makes up approx 0.01% of Raymond James Associates’s portfolio.Bessemer Group Inc boosted its stake in RCL in the latest quarter, The investment management firm added 367,587 additional shares and now holds a total of 1,136,590 shares of Royal Caribbean Cruises Ltd which is valued at $86 Million. Royal Caribbean Cruises Ltd makes up approx 0.49% of Bessemer Group Inc’s portfolio. Finemark National Bank Trust sold out all of its stake in RCL during the most recent quarter. The investment firm sold 24 shares of RCL which is valued $1,815.Baillie Gifford Co boosted its stake in RCL in the latest quarter, The investment management firm added 27,606 additional shares and now holds a total of 14,405,146 shares of Royal Caribbean Cruises Ltd which is valued at $1,077.5 Million. Royal Caribbean Cruises Ltd makes up approx 1.93% of Baillie Gifford Co’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.

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.

Investors should note that on May 17, 2016, Royal Caribbean Cruises Ltd announced a cash dividend of $0.3750. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 13, 2016.

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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