Royal Caribbean Cruises Ltd (RCL) : Edmond De Rothschild (europe) reduced its stake in Royal Caribbean Cruises Ltd by 17.04% during the most recent quarter end. The investment management company now holds a total of 12,130 shares of Royal Caribbean Cruises Ltd which is valued at $858,804 after selling 2,491 shares in Royal Caribbean Cruises Ltd , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Royal Caribbean Cruises Ltd makes up approximately 0.41% of Edmond De Rothschild (europe)’s portfolio.
Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in RCL in the latest quarter, The investment management firm added 636 additional shares and now holds a total of 368,742 shares of Royal Caribbean Cruises Ltd which is valued at $26,106,934. Royal Caribbean Cruises Ltd makes up approx 0.03% of Blackrock Investment Management’s portfolio. Janney Montgomery Scott added RCL to its portfolio by purchasing 2,579 company shares during the most recent quarter which is valued at $192,084.Oceanic Investment Management Ltd reduced its stake in RCL by selling 98,620 shares or 35.11% in the most recent quarter. The Hedge Fund company now holds 182,280 shares of RCL which is valued at $12,535,396. Royal Caribbean Cruises Ltd makes up approx 6.29% of Oceanic Investment Management Ltd’s portfolio.Roanoke Asset Management Corp Ny boosted its stake in RCL in the latest quarter, The investment management firm added 7,570 additional shares and 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 approx 1.67% of Roanoke Asset Management Corp Ny’s portfolio.Msi Financial Services Inc reduced its stake in RCL by selling 307 shares or 10.58% in the most recent quarter. The Hedge Fund company now holds 2,595 shares of RCL which is valued at $190,110. Royal Caribbean Cruises Ltd makes up approx 0.01% of Msi Financial Services Inc’s portfolio.
Royal Caribbean Cruises Ltd closed down -0.69 points or -0.98% at $69.43 with 29,92,182 shares getting traded on Friday. Post opening the session at $69.71, the shares hit an intraday low of $68.11 and an intraday high of $70.07 and the price fluctuated in this range throughout the day.Shares ended Friday 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.