Royal Caribbean Cruises Ltd (RCL) : Spot Trading L.l.c scooped up 45,525 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 2, 2016. The investment management firm now holds a total of 48,385 shares of Royal Caribbean Cruises Ltd which is valued at $3,327,436.Royal Caribbean Cruises Ltd makes up approximately 0.44% of Spot Trading L.l.c’s portfolio.
Other Hedge Funds, Including , Amica Retiree Medical Trust added RCL to its portfolio by purchasing 987 company shares during the most recent quarter which is valued at $67,876. Royal Caribbean Cruises Ltd makes up approx 0.06% of Amica Retiree Medical Trust’s portfolio.Channing Capital Management boosted its stake in RCL in the latest quarter, The investment management firm added 39,837 additional shares and now holds a total of 290,608 shares of Royal Caribbean Cruises Ltd which is valued at $19,985,112. Royal Caribbean Cruises Ltd makes up approx 0.80% of Channing Capital Management’s portfolio.Stoneridge Investment Partners boosted its stake in RCL in the latest quarter, The investment management firm added 2,661 additional shares and now holds a total of 101,624 shares of Royal Caribbean Cruises Ltd which is valued at $7,444,974. Royal Caribbean Cruises Ltd makes up approx 1.05% of Stoneridge Investment Partners’s portfolio.Ibm Retirement Fund reduced its stake in RCL by selling 280 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 19,960 shares of RCL which is valued at $1,456,681. Royal Caribbean Cruises Ltd makes up approx 0.05% of Ibm Retirement Fund’s portfolio. Cutler Group Lp added RCL to its portfolio by purchasing 461 company shares during the most recent quarter which is valued at $33,459.
Royal Caribbean Cruises Ltd closed down -0.5 points or -0.67% at $73.98 with 14,84,913 shares getting traded on Monday. Post opening the session at $74.5, the shares hit an intraday low of $73.73 and an intraday high of $75.3 and the price fluctuated in this range throughout the day.Shares ended Monday 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.