Morris Capital Advisors Lowers stake in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Morris Capital Advisors reduced its stake in Royal Caribbean Cruises Ltd by 9.04% during the most recent quarter end. The investment management company now holds a total of 63,316 shares of Royal Caribbean Cruises Ltd which is valued at $5,322,343 after selling 6,290 shares in Royal Caribbean Cruises Ltd , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Royal Caribbean Cruises Ltd makes up approximately 3.28% of Morris Capital Advisors’s portfolio.

Other Hedge Funds, Including , Rampart Investment Management Company added RCL to its portfolio by purchasing 8,519 company shares during the most recent quarter which is valued at $716,107. Royal Caribbean Cruises Ltd makes up approx 0.27% of Rampart Investment Management Company’s portfolio.Noesis Capital Mangement Corp boosted its stake in RCL in the latest quarter, The investment management firm added 3,195 additional shares and now holds a total of 76,955 shares of Royal Caribbean Cruises Ltd which is valued at $5,855,506. Royal Caribbean Cruises Ltd makes up approx 2.61% of Noesis Capital Mangement Corp’s portfolio.Rockefeller Financial Services Inc reduced its stake in RCL by selling 108,835 shares or 8.45% in the most recent quarter. The Hedge Fund company now holds 1,179,278 shares of RCL which is valued at $90,651,100. Royal Caribbean Cruises Ltd makes up approx 1.97% of Rockefeller Financial Services Inc’s portfolio.

Royal Caribbean Cruises Ltd opened for trading at $82.9 and hit $83.36 on the upside on Monday, eventually ending the session at $82.95, with a gain of 0.10% or 0.08 points. The heightened volatility saw the trading volume jump to 11,93,219 shares. Company has a market cap of $17,800 M.

On the company’s financial health, Royal Caribbean Cruises Ltd reported $3.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $3.10. The company had revenue of $2563.70 million for the quarter, compared to analysts expectations of $2580.38 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 EPS.

Many Wall Street Analysts have commented on Royal Caribbean Cruises Ltd. Royal Caribbean Cruises Ltd was Downgraded by JP Morgan to ” Neutral” on Oct 27, 2016. Royal Caribbean Cruises Ltd was Initiated by Macquarie to “Outperform” on Oct 4, 2016.

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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