Royal Caribbean Cruises Ltd (RCL) : Lombard Odier Asset Management (usa) Corp scooped up 13,690 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 15, 2016. The investment management firm now holds a total of 150,875 shares of Royal Caribbean Cruises Ltd which is valued at $10,681,950.Royal Caribbean Cruises Ltd makes up approximately 1.42% of Lombard Odier Asset Management (usa) Corp’s portfolio.
Other Hedge Funds, Including , D.a. Davidson reduced its stake in RCL by selling 1,300 shares or 81.2% in the most recent quarter. The Hedge Fund company now holds 301 shares of RCL which is valued at $21,311.Davy Asset Management Ltd reduced its stake in RCL by selling 9,770 shares or 32.21% in the most recent quarter. The Hedge Fund company now holds 20,559 shares of RCL which is valued at $1,413,842. Royal Caribbean Cruises Ltd makes up approx 0.28% of Davy Asset Management Ltd’s portfolio.Aviance Capital Management boosted its stake in RCL in the latest quarter, The investment management firm added 1,425 additional shares and now holds a total of 11,849 shares of Royal Caribbean Cruises Ltd which is valued at $868,058. Royal Caribbean Cruises Ltd makes up approx 0.03% of Aviance Capital Management’s portfolio.
Royal Caribbean Cruises Ltd closed down -2.18 points or -3.16% at $66.9 with 3,426,842 shares getting traded on Wednesday. Post opening the session at $68.41, the shares hit an intraday low of $66.86 and an intraday high of $68.68 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.