Royal Caribbean Cruises Ltd (RCL) : Mirae Asset Global Investments Ltd. scooped up 15,893 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 Aug 11, 2016. The investment management firm now holds a total of 300,653 shares of Royal Caribbean Cruises Ltd which is valued at $21,286,232.Royal Caribbean Cruises Ltd makes up approximately 0.52% of Mirae Asset Global Investments Ltd.’s portfolio.
Other Hedge Funds, Including , Axiom International Investors De reduced its stake in RCL by selling 25,590 shares or 12.14% in the most recent quarter. The Hedge Fund company now holds 185,160 shares of RCL which is valued at $13,109,328. Royal Caribbean Cruises Ltd makes up approx 0.36% of Axiom International Investors De’s portfolio. Stephens Inc Ar sold out all of its stake in RCL during the most recent quarter. The investment firm sold 2,757 shares of RCL which is valued $205,341.
Royal Caribbean Cruises Ltd opened for trading at $70.31 and hit $71.83 on the upside on Tuesday, eventually ending the session at $71.67, with a gain of 2.62% or 1.83 points. The heightened volatility saw the trading volume jump to 21,70,199 shares. Company has a market cap of $15,428 M.
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.