Columbus Circle Investors Lowers stake in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Columbus Circle Investors reduced its stake in Royal Caribbean Cruises Ltd by 26.77% during the most recent quarter end. The investment management company now holds a total of 1,383,124 shares of Royal Caribbean Cruises Ltd which is valued at $95,117,437 after selling 505,700 shares in Royal Caribbean Cruises Ltd , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Royal Caribbean Cruises Ltd makes up approximately 0.91% of Columbus Circle Investors’s portfolio.

Other Hedge Funds, Including , 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.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in RCL in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 13,210 shares of Royal Caribbean Cruises Ltd which is valued at $956,932. Royal Caribbean Cruises Ltd makes up approx 0.03% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Sumitomo Life Insurance Co reduced its stake in RCL by selling 523 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 15,375 shares of RCL which is valued at $1,092,240. Royal Caribbean Cruises Ltd makes up approx 0.15% of Sumitomo Life Insurance Co’s portfolio.Abner Herrman Brock reduced its stake in RCL by selling 10,753 shares or 11.28% in the most recent quarter. The Hedge Fund company now holds 84,567 shares of RCL which is valued at $6,137,873. Royal Caribbean Cruises Ltd makes up approx 1.42% of Abner Herrman Brock’s portfolio.

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 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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