Tairen Capital Ltd Exits Position in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Tairen Capital Ltd 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 May 11, 2016 with the SEC. The investment management company has sold out 75,000 shares of Royal Caribbean Cruises Ltd which is valued at $5.7 Million.

Other Hedge Funds, Including , Sumitomo Mitsui Asset Management Company Ltd boosted its stake in RCL in the latest quarter, The investment management firm added 338 additional shares and now holds a total of 13,090 shares of Royal Caribbean Cruises Ltd which is valued at $990,128. Royal Caribbean Cruises Ltd makes up approx 0.03% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. Archford Capital Strategies sold out all of its stake in RCL during the most recent quarter. The investment firm sold 86 shares of RCL which is valued $6,505.Neuberger Berman Group boosted its stake in RCL in the latest quarter, The investment management firm added 1,740 additional shares and now holds a total of 17,461 shares of Royal Caribbean Cruises Ltd which is valued at $1.3 Million.Nisa Investment Advisors L.l.c. reduced its stake in RCL by selling 6,900 shares or 10.88% in the most recent quarter. The Hedge Fund company now holds 56,540 shares of RCL which is valued at $4.4 Million. Royal Caribbean Cruises Ltd makes up approx 0.06% of Nisa Investment Advisors L.l.c.’s portfolio. Achievement Holdings sold out all of its stake in RCL during the most recent quarter. The investment firm sold 3,800 shares of RCL which is valued $294,120.

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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