Roystone Capital Management Lp buys $94,648,980 stake in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Roystone Capital Management Lp scooped up 399,850 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 1,336,850 shares of Royal Caribbean Cruises Ltd which is valued at $94,648,980.Royal Caribbean Cruises Ltd makes up approximately 6.00% of Roystone Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. added RCL to its portfolio by purchasing 33,600 company shares during the most recent quarter which is valued at $2,378,880. Royal Caribbean Cruises Ltd makes up approx 0.02% of Connor Clark Lunn Investment Management Ltd.’s portfolio.State Of Wisconsin Investment Board reduced its stake in RCL by selling 10,130 shares or 5.55% in the most recent quarter. The Hedge Fund company now holds 172,230 shares of RCL which is valued at $12,193,884. Royal Caribbean Cruises Ltd makes up approx 0.05% of State Of Wisconsin Investment Board’s portfolio. Pinebridge Investments added RCL to its portfolio by purchasing 380 company shares during the most recent quarter which is valued at $26,904.

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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