Dsm Capital Partners Lowers stake in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Dsm Capital Partners reduced its stake in Royal Caribbean Cruises Ltd by 3.31% during the most recent quarter end. The investment management company now holds a total of 2,441,218 shares of Royal Caribbean Cruises Ltd which is valued at $172,838,234 after selling 83,693 shares in Royal Caribbean Cruises Ltd , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Royal Caribbean Cruises Ltd makes up approximately 2.76% of Dsm Capital Partners’s portfolio.

Other Hedge Funds, Including , Tremblant Capital Group boosted its stake in RCL in the latest quarter, The investment management firm added 6,822 additional shares and now holds a total of 359,634 shares of Royal Caribbean Cruises Ltd which is valued at $25,462,087. Royal Caribbean Cruises Ltd makes up approx 2.03% of Tremblant Capital Group’s portfolio.Rhumbline Advisers boosted its stake in RCL in the latest quarter, The investment management firm added 13,022 additional shares and now holds a total of 254,995 shares of Royal Caribbean Cruises Ltd which is valued at $18,053,646. Royal Caribbean Cruises Ltd makes up approx 0.05% of Rhumbline Advisers’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in RCL in the latest quarter, The investment management firm added 858 additional shares and now holds a total of 13,442 shares of Royal Caribbean Cruises Ltd which is valued at $951,694. Royal Caribbean Cruises Ltd makes up approx 0.02% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Thomas White International Ltd added RCL to its portfolio by purchasing 17,015 company shares during the most recent quarter which is valued at $1,204,662. Royal Caribbean Cruises Ltd makes up approx 0.17% of Thomas White International Ltd’s portfolio. Airain Ltd added RCL to its portfolio by purchasing 16,631 company shares during the most recent quarter which is valued at $1,238,677. Royal Caribbean Cruises Ltd makes up approx 0.07% of Airain Ltd’s portfolio.

Royal Caribbean Cruises Ltd opened for trading at $71.76 and hit $73.15 on the upside on Thursday, eventually ending the session at $72.71, with a gain of 2.25% or 1.6 points. The heightened volatility saw the trading volume jump to 24,89,259 shares. Company has a market cap of $15,652 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 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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